Market Overview: BTC consolidating and repairing, waiting to break above 80,000



BTC opened with a long lower shadow bullish candle this morning, marking four consecutive bullish days on the daily chart

From the market perspective, both the lows and highs are gradually rising, and each upward move is accompanied by increased volume; this indicates that the bullish structure of BTC remains intact and has not been broken

The market is temporarily consolidating around 7.79, with 7.69 and 7.57 being effective levels for a bullish retracement; the key is whether two effective supports can hold, if they do, a rebound is possible, aiming for a new high above 80,000

A small position is being accumulated on the left side at 7.69 for a long, with additional entries at 7.57, targeting around 7.84 and 7.94; initial stop-loss is set at 7.49, and after entering with additional positions, adjust the take-profit and stop-loss based on your position size $BTC
BTC0.43%
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