Bitcoin has now attempted twice to reach 76,000 but failed to break through.


The second time, the high point was slightly higher, which is just the bulls stubbornly holding on; if they can't hold, it's a sign of a false rally.
Remember: things don't happen three times; if the third attempt also fails to surpass 76,000, the bulls will be completely exhausted.
At that point, it won't be a small correction but a downward plunge to pick up low-priced chips.
The key is whether the support level at 74,266 can hold:
If it holds, there will still be a third attempt to reach 76,000;
If it doesn't hold, first look at 73,385—this level has been tested too many times and is no longer reliable; it will most likely break, heading straight to 72,578.
For the bulls to stabilize, they must push back above 74,826; otherwise, the price will oscillate and frustrate traders between 73,558 and 75,420, leaving little room for action.
BTC3.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin