【BTC fails to break through 85,000. Where next? 78,600–76,100 is a key zone】
❤️Figure 1 contains a lot of notes, so be sure to take a look. Many of these ideas may be helpful for spot trading.
Bitcoin was hit by the bearish surprise of higher-than-expected U.S. core CPI, missing a prime opportunity to break through 85,000 before turning downward and once again approaching the 80,000 mark.
As we’ve said before, around 80,000 is a key support zone. It has indeed held back two waves of selling, but the market is clearly weakening. Tonight’s PPI data is also bearish, making it increasingly likely that the 80,000 support will be broken.
Fortunately, price has fallen back from above 84,000. If 80,000 breaks, that would confirm 87,395 as a first-stage top. The subsequent pullback could then be seen as an extension of the retracement that began at 87,395, meaning much of the correction in both time and price would already have played out—and the decline may be more gradual.
Let’s take a look at the Fibonacci levels. The three key levels are 80,411, 76,090, and 72,597. It’s now unlikely that 80,411 will hold. Given that we expect the correction to be relatively mild, around 76,100 looks like a more suitable level to watch.【❤️See Figure 2】
Now let’s look at the moving averages. The weekly EMA52 is around 78,600. This is a highly significant moving average; if you’re interested, you can check it against the weekly chart. The support on the first retest was quite strong. Taking all of this into account, we don’t expect much further downside for Bitcoin. The 78,600–76,100 range is worth watching closely.【❤️See Figure 3】
As for altcoins, Bitcoin dominance has broken above the resistance of the triangle range and continues to rise. As prices fall, altcoins are likely to be drained of liquidity even more noticeably. If you enter the market, be sure to scale in gradually—don’t go all in at once, or you could end up in a difficult position!【❤️See Figure 4】
Trading suggestion: Personally and as a community, we are already heavily positioned in spot. Those with smaller positions may consider adding gradually.
#BTC走势分析 $ETH #sol $UNI
❤️Figure 1 contains a lot of notes, so be sure to take a look. Many of these ideas may be helpful for spot trading.
Bitcoin was hit by the bearish surprise of higher-than-expected U.S. core CPI, missing a prime opportunity to break through 85,000 before turning downward and once again approaching the 80,000 mark.
As we’ve said before, around 80,000 is a key support zone. It has indeed held back two waves of selling, but the market is clearly weakening. Tonight’s PPI data is also bearish, making it increasingly likely that the 80,000 support will be broken.
Fortunately, price has fallen back from above 84,000. If 80,000 breaks, that would confirm 87,395 as a first-stage top. The subsequent pullback could then be seen as an extension of the retracement that began at 87,395, meaning much of the correction in both time and price would already have played out—and the decline may be more gradual.
Let’s take a look at the Fibonacci levels. The three key levels are 80,411, 76,090, and 72,597. It’s now unlikely that 80,411 will hold. Given that we expect the correction to be relatively mild, around 76,100 looks like a more suitable level to watch.【❤️See Figure 2】
Now let’s look at the moving averages. The weekly EMA52 is around 78,600. This is a highly significant moving average; if you’re interested, you can check it against the weekly chart. The support on the first retest was quite strong. Taking all of this into account, we don’t expect much further downside for Bitcoin. The 78,600–76,100 range is worth watching closely.【❤️See Figure 3】
As for altcoins, Bitcoin dominance has broken above the resistance of the triangle range and continues to rise. As prices fall, altcoins are likely to be drained of liquidity even more noticeably. If you enter the market, be sure to scale in gradually—don’t go all in at once, or you could end up in a difficult position!【❤️See Figure 4】
Trading suggestion: Personally and as a community, we are already heavily positioned in spot. Those with smaller positions may consider adding gradually.
#BTC走势分析 $ETH #sol $UNI