Saturday Jingyi Operation and Thinking Analysis



Yesterday, Iran announced the Strait of Hormuz, Bitcoin broke out of the consolidation range, and surged strongly on the upside, rising from the support level of 74,500 with increased volume, reaching a high of 78,300, breaking through the key resistance and stabilizing above 77,000. The daily chart closed with a large bullish candle, volume expanded, and the bullish trend was confirmed.

From the daily chart perspective, the moving averages are arranged in a bullish order, and the 4-hour chart is running along the upper band of the Bollinger Bands, with the upward channel intact. The slight pullback in the short term is a consolidation phase.

Key levels for today: Jingyi reminds everyone that the resistance levels above are 78,500 and 80,000; the support levels below are 76,800 and 75,500.
BTC2.68%
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