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The Bitcoin market is in a choppy tug-of-war, so it’s crucial to manage the key range well—stay clear on the high/low approach and nail it!
The key resistance above is set at the 78,500-79,000 zone. When the price reaches this area and gets rejected and pulls back, you can place a light short position; once there’s a strong upside breakout with increased volume and it firmly holds above the resistance level, directly follow the trend to add long positions, with the upside target at 79,500-80,000.
For the downside, focus on the core support around the 78,000 line. If the price retraces to support without breaking it, place a light long position; if the market breaks down with increased volume below 77,600 and closes below that level, then follow the trend to chase the short, with the downside target in the 76,900-76,500 range.#币圈##区块链# $BTC $ETH