$BTC broke through the 80,000 level, with the current price at 80,623.03.
For key price levels, I generally look at three things:
① Holding above: An intraday touch doesn’t count; it’s a true breakout only if the closing price stays above 80,000.
② Retest: Can the price hold near 80,000 on a pullback? If it does, the level conversion is complete.
③ Volume: Did trading volume pick up during the breakout? Breakouts on lower volume are more likely to be reversed.
For key price levels, I generally look at three things:
① Holding above: An intraday touch doesn’t count; it’s a true breakout only if the closing price stays above 80,000.
② Retest: Can the price hold near 80,000 on a pullback? If it does, the level conversion is complete.
③ Volume: Did trading volume pick up during the breakout? Breakouts on lower volume are more likely to be reversed.