Bitcoin rebounds—will it continue to rise further?
✅ Reasons for the rebound: Price pulled back to support above the 75,000 level that has been confirmed multiple times in the past, triggering the rebound.
Rebound targets: First target at 78,500; next resistance at 80,500. For more cautious investors, take profit around 78,500; spot holdings can take profits in batches.
✅ My view: The market is highly uncertain right now, so it’s not suitable for long-term holding. Tomorrow’s bill, Wednesday’s interest rate hike, and officials’ remarks are all unknown variables. The priority is to lock in existing profits, then re-enter with a heavier position once the market becomes clearer.
During yesterday’s sharp sell-off, I advised setting up spot positions around 76,000; it has now risen nearly 2,000 points. Strategy logic: Buy at support to catch the rebound; take profit at resistance. Do not open positions unless support is reached; if the price continues to surge and approaches the resistance zone, you can try shorting.
Strong resistance is at 81,000–82,000. Attempt shorts in this range; the expected win rate is about 70%. Swing trade based on support and resistance—if the price breaks out, cut losses. In complex market conditions, I’ll keep digging for opportunities and synchronize my real-time trading mindset every day.