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Intraday priority is to buy on dips and sell on rallies; high-level resistance allows for light short positions.
Yesterday's market overall oscillated higher then faced resistance and pulled back; Bitcoin fell back to around 747 on the hourly chart and stabilized with a rebound.
The bulls strongly pushed higher, breaking previous highs, with a peak at 794.
The rally position is just near the upper Bollinger Band at 792, a key resistance zone.
After reaching the high, bullish momentum exhausted, and the market quickly retreated, with the candlestick showing a long upper shadow, indicating heavy profit-taking pressure above 790.
Overall upward trend remains unchanged, but short-term bullish strength has slowed, and the market has returned to the middle-upper Bollinger Band range, likely consolidating and digesting the overhead resistance.
Operation suggestion:
Buy on dips around 772-778, with targets at 788-795;
If the price stabilizes above the previous high, look for a bullish move toward 79,400-80,300.
If the rebound encounters resistance in the 79,000-79,500 zone, consider short positions, with support at 77,500-78,000. $BTC