$BTC Market analysis:
Yesterday, I said that once 76,500 holds, you can go long. The long positions are now starting to make money—directly pushing up to around 77,500. This move was very precise: the structure was clear. Before the decision, panic was dumped down to 74,909. After the 76K pullback, it didn’t break again. Once 76,500 held, the short-sellers’ momentum got cut off.
Now the rebound is at 77,500. This is the repair after a breakdown and pullback. For the moment, the bulls are more proactive. 77,500 is just an interim point—what really matters is whether 78.2K can be pushed through.
If it breaks through, the shorts’ covering can still push it a further stretch. If it doesn’t, then it’s back to grinding back and forth in the high range.
If your long position is in profit, remember to set a protection/stop!
Yesterday, I said that once 76,500 holds, you can go long. The long positions are now starting to make money—directly pushing up to around 77,500. This move was very precise: the structure was clear. Before the decision, panic was dumped down to 74,909. After the 76K pullback, it didn’t break again. Once 76,500 held, the short-sellers’ momentum got cut off.
Now the rebound is at 77,500. This is the repair after a breakdown and pullback. For the moment, the bulls are more proactive. 77,500 is just an interim point—what really matters is whether 78.2K can be pushed through.
If it breaks through, the shorts’ covering can still push it a further stretch. If it doesn’t, then it’s back to grinding back and forth in the high range.
If your long position is in profit, remember to set a protection/stop!
