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High-level fluctuation accumulation, bulls and bears battle intensifies
This week, Bitcoin surged to 79,444 and then entered a high-level consolidation, with the bulls and bears fighting more fiercely but not changing the medium-term upward trend. Technically, attention should be paid to the breakthrough of support at 77,000 and resistance at 79,444.
Technical indicators show that the medium-term trend remains upward, but short-term momentum has weakened. The market is at a critical decision point, and it is recommended to stay cautious, controlling positions according to your risk tolerance.
Go long directly near 77,000, with the first target at 80,000, and if broken, look towards 84,000.