$BTC From the current form, Bitcoin has already completed a key breakthrough, and bullish sentiment dominates in the short term

At present, BTC is at a critical turning point. It has broken strongly through a downward channel that has lasted for several days, along with a strong bullish candle rally. This indicates that the short-term bearish forces are exhausting, and the bulls are taking control of the market

Key level analysis

Short-term resistance: 70,503. This is the most notable resistance level above in the recent period. If bullish momentum continues, the price may test this level

Medium-term strong resistance: 72,361. Once 70,503 is broken, the market will enter an acceleration phase, directly targeting the 72,300 area

Extreme resistance: 76,051. This is the previous high zone, and it belongs to a long-term target

Support levels below

Key support: 68,352 - 68,062. The 4-hour-level resistance has turned into support

Stop-loss reference level: 67,000. If the price falls below this, it means the breakout fails, and the short-term trend turns bearish

Extreme defense: 65,007. This is the previous low of this correction phase, and also the bulls’ final line of defense

Trading suggestions

Long idea (trend-following)

Entry: Buy after a pullback at 68,600, and add positions at 6800

Targets: First target 70,500, second target 72,300

Stop-loss: If it breaks below 68,000 (the lower edge of the support zone), consider exiting and observing

Short idea (counter-trend/pullback)

At present, it is not recommended to short directly, unless the price touches 72,361 and shows clear rejection signals such as long upper wicks or a engulfing pattern

Summary: The market is currently in the inertia-driven upward move after the breakout. As long as the price stays above 68,000, the short-term strategy should focus on buying on dips

#加密市场行情震荡