Weekly K-line switches, and the Bitcoin price once again starts to move upward with a modest rally.
After the breakthrough point last night held above the $80,700 level, the move in the morning pushed higher to test a new round of highs. However, above still lies strong resistance—especially the key bullish pressure around “more than $83,000,” which has been emphasized multiple times.
Holding steady suggests that by the end of September, it will continue to press toward higher levels and trigger a short liquidation cluster ($85,000–$90,000). If it can’t, then in the short term it likely won’t see too much of a major reversal; it may instead pull back to test the psychological $80,000 support.
Even if a bigger drop occurs, as long as the $76,000 lifeline is not broken, the bulls still have opportunities to launch a counterattack at any time.
After the breakthrough point last night held above the $80,700 level, the move in the morning pushed higher to test a new round of highs. However, above still lies strong resistance—especially the key bullish pressure around “more than $83,000,” which has been emphasized multiple times.
Holding steady suggests that by the end of September, it will continue to press toward higher levels and trigger a short liquidation cluster ($85,000–$90,000). If it can’t, then in the short term it likely won’t see too much of a major reversal; it may instead pull back to test the psychological $80,000 support.
Even if a bigger drop occurs, as long as the $76,000 lifeline is not broken, the bulls still have opportunities to launch a counterattack at any time.
