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Good morning, the first trade of the day, Bitcoin, has about a thousand points of space to give everyone. After fluctuating and consolidating sideways yesterday, the market retested the support below. This morning, it finally surged upward. Bitcoin dipped to around 76,078 in the early hours. We entered a long position on Bitcoin around 76,254. When it rises to 77,284, we will exit. The long position gained 30k profit! The market may move very slowly, but it will never be absent! Holding onto the long position is the key to holding onto profits.
The daily chart of Bitcoin hovered and consolidated at high levels yesterday, forming a bullish doji star after closing. Today, it has expectedly surged higher. The daily chart shows three consecutive bearish candles turning upward, once again surpassing the 77,000 level. The price is pushing to test the upper band pressure. This week, Bitcoin is only one step away from reaching 80,000! The 4-hour chart has already broken through the highest point of consolidation, effectively breaking the range high, ending the sideways trend, and beginning a one-sided upward move. Since the upward channel has been broken, do not hold any high short positions. No short positions below 80,000! That is currently the biggest resistance level. For today’s trades, continue to focus on buying on dips, maintaining a bullish outlook!
Bitcoin can be bought at 77,500-77,000 during midday, targeting around 80,000; Ethereum can be bought at 2,360-3,640, targeting around 2,500.