Bitcoin's current market is completely stagnant! Being stagnant is like being a turtle; on Saturday, it might continue to oscillate, but once it moves, it will be a big move. Bitcoin has been moving within a flag pattern, oscillating for a whole day and night, which is a rhythm designed to shake people out. To go higher, it must break through the flag at 78,463 to look up toward 79,280 and 80k. To pull back, it must fall below 77,573 and fail to recover, then it can retest the support at 76,237. If it breaks below 76,237, the large bullish candle pointed to by the white arrow on the left will also be broken, and only after breaking this large bullish candle can it continue to retrace to test the support at 74,929. It can't go up or down, just continue oscillating within 78,463-77,573! This consolidation zone won't last long; I hope everyone patiently waits for it to break out of the consolidation zone and then follow the trend to go long or short. Currently, trading within this range is pointless; entering the market now is just looking, so it's better to stay on the sidelines.

BTC-0.42%
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