BTC currently has a bullish bias in the short term.


From the 4-hour structure, the price has already regained above 78,000, and the short-term correction structure is still ongoing.
As long as the 78,000–78,300 zone is not effectively broken downward, BTC is preferred to continue oscillating upward, testing the resistance zone of 78,800–79,500 above.
But it is not suitable to chase the rally emotionally here.
Because 78,800–79,500 is a clear resistance zone ahead, if the price reaches here, it is necessary to observe whether it can break through effectively and stabilize.
Current forecast:
Above 78,000–78,300, the short-term bias is bullish.
The upper target first looks at 78,800–79,500.
If it breaks below 78,000, the bullish bias invalidates, and the lower support is at 76,750–77,000.
This is only my personal market observation and does not constitute investment advice.
BTC0.91%
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