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Last night, Bitcoin surged straight to the 76,000 level and then started to decline. Previously, I also clearly outlined the strategy: short positions around the 76,000 area. The market dipped as low as below 74,000. Those who strictly follow the strategy have gained quite substantial profits.
From a technical analysis perspective, there is still potential upward momentum in the current market. The short-term target is around the 77,000-78,000 range, but this area will serve as a key resistance level. It will be an excellent opportunity to establish short positions. You can gradually enter short positions in the 77,000-78,000 zone. Today, the market is likely to experience a pattern of an initial pullback, an evening rebound, and then a decline.
Currently, Bitcoin can be lightly shorted in the 74,600-75,000 range, with a target around 73,500-73,000. After reaching this zone, reverse to long positions, aiming again for 77,000-78,000.
In the 77,000-78,000 range, establish short positions in batches. Those seeking stability can patiently wait for the 73,500 support level to stabilize before entering long positions. After a rebound to higher levels, follow the trend to short again. Strictly control position sizes and stop-losses to lock in profits! #WCTC交易赛瓜分800万USDT $RAVE $BTC