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Morning Bitcoin Analysis
This round of market movement completed a rally, then a pullback, a deep V-shaped recovery, and is now stuck in a narrow range with no clear trend. Patience is needed to wait for a direction to emerge.
Keep a close eye on the key support at 75,000; hold this level to gradually buy the dips and catch rebounds. If it effectively breaks below, the downward space will open up accordingly.
The resistance above is around the 77,500 range; if it cannot break through strongly, the market will continue to oscillate. When encountering resistance, consider positioning for short positions to profit from the pullback.
In the short term, the market mainly consolidates with oscillations. News can easily disrupt the market balance. Focus on support and resistance breakouts as the main signals, and operate flexibly according to the trend. #BTC