Bitcoin is about to attack the Bright Summit! Will it break through 76k and surge? Come and take a look.

1. Just this week, Bitcoin has already broken through 75k for the fourth time, and it’s also the second time aiming for the previous high of 76k. The bullish momentum is strong, mainly driven by the US-Iran talks. As long as the talks are not concluded, the market will keep expecting this positive news. So, how should we operate now?
2. To start with the conclusion: I think the final top might be around 78,000/79k, because every time Bitcoin drops, there’s usually a false breakout beforehand, so there’s no reason this time won’t have one too. Of course, if you prefer safety, you can wait until the US-Iran ceasefire is underway before shorting, as by then the positive news might have been fully priced in, leading to a significant pullback.
3. Before that, we still focus on swing trading. For example, we’ve shorted the resistance at 75,000-76k several times. Yesterday, we shorted again at 73.2k. As shown in the chart, Shuqin advised everyone to take profits on shorts at 73.8k and to go long above the 73k support. Congratulations to those who went long—looks like the rise is higher than expected.
4. Now that we’ve already tested the 76k resistance several times, shorting again in the short term isn’t very stable. At most, I plan to build some long-term positions. I’m considering shorting again near the next resistance at 78,000 and 79k, relying on the big resistance at the 80k mark. I believe the chance of another profit-taking opportunity is quite high.
5. Besides that, the trader Da Shou has been advising everyone to lay low, and finally, there’s some movement with Trump! This morning, it surged by 10%, which is very good. I think this coin will stay hot until the dinner on the 25th. As for other coins, we will keep an eye on the market in real-time and post some entry points daily. When the key levels are reached, we can take both long and short positions.