$BTC Bitcoin met resistance after a strong rally and pulled back from the 83400 high
In the evening, Bitcoin attempted to break higher toward the 83400 area, but the bulls failed to hold this level. Selling pressure above was released in concentrated fashion, and prices then turned downward, forming a strong-rally-then-pullback pattern.
This indicates that the 83400 area has strong resistance, that short-term bullish momentum is insufficient, and that profit-taking has triggered a correction.
Next, focus on the buying support at lower levels and watch whether price can stabilize again after the pullback.
Bitcoin: go long at 82500-83000, target 84000
Ethereum: go long at 2545-2530, target 2580
#比特币重回8.4万美元 $BTC $ETH
In the evening, Bitcoin attempted to break higher toward the 83400 area, but the bulls failed to hold this level. Selling pressure above was released in concentrated fashion, and prices then turned downward, forming a strong-rally-then-pullback pattern.
This indicates that the 83400 area has strong resistance, that short-term bullish momentum is insufficient, and that profit-taking has triggered a correction.
Next, focus on the buying support at lower levels and watch whether price can stabilize again after the pullback.
Bitcoin: go long at 82500-83000, target 84000
Ethereum: go long at 2545-2530, target 2580
#比特币重回8.4万美元 $BTC $ETH