Market Outlook

78000 achieved, subsequent market judgment
We first pointed out on April 1st that $BTC 's rebound starting from 65200 aimed for the 78-81 range, which has already reached the minimum target range today. The current question is how it will move after reaching this range.
First, just touching 78000 does not necessarily mean the rally is over. From a naked candlestick perspective, if the close tomorrow morning remains above 77, it will be a "doji" daily breakout, likely to continue.
And the resistance zone of 78-81 mentioned earlier objectively exists. Therefore, after a daily-level rally, resistance will also prevent the market from extending infinitely upward.
The 80-81 range will be the target profit (TP) zone for most traders.
Additionally, the larger structural resistance at 84000 will be another TP level (the bottom of the previous oscillation range).
I believe this rally is unlikely to break through 84000, so taking profit at 80-81 won't miss much upside.
Conservatively, fully exiting at 78 is also reasonable.
My personal long entry was around 66000, with an exit at 71800. After exiting, I didn't continue to go long, but I still maintain a bullish view and hold spot holdings.
I'm very pleased that the market is developing as expected.
Next, I think this is the process of finding the top of this rebound; after identifying the top, a decline will naturally follow.
After reaching the top, we will analyze the target levels for the decline.
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