Update on Bitcoin strategy: First of all, the daily chart has basically topped out already, and the probability of breaking through the 78,300 level again is very low because the high point on the daily chart touches the EMA moving average resistance level, and then it was pushed down. Last night, both the weekly and daily candles closed, with the daily chart showing two consecutive bearish candles, and the gains from the previous bullish candle have almost been completely wiped out. Then, the weekly candle closed with a long upper shadow, which is enough to confirm the top signal.



In the short term, although the price is still in an upward channel, after a rebound, the next decline will definitely break through directly, and it may even fall below the current levels. So, the smaller time frame trend is quite clear: as long as there is a rebound, you can enter short positions. The expected entry point is around 76,500. If the price rebounds to this level, go all-in on short positions immediately. The target should be at least around 70,500, or even lower.
BTC-0.88%
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