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Bitcoin today is showing a pattern of oscillating upward, rebounding steadily after stabilizing at the low point of 74,868 yesterday. During the oscillation and upward push, it continuously broke through short-term resistance levels, reaching a high of around 77,888. The current price is trading near 77,200. Ethereum's movement is highly correlated with Bitcoin, starting its rebound from the low of 2,220 and rising toward the high of 2,340, displaying a strong upward momentum throughout, with significant market linkage.
On the daily chart, the upward channel continues to expand. After experiencing a low-level bottom and completing a shift between bulls and bears, the market has switched to a oscillating upward rhythm. Bullish momentum is gradually releasing, driving the moving average system to form a synchronized resonance upward pattern. This formation indicates that the market trend has clearly returned to a bullish dominance, and this upward trend has strong sustainability and structural stability. The four-hour chart continues to show a strong upward trend, with prices steadily rising along the upper band of the channel, exhibiting technical features of a one-sided strong rally, further solidifying the foundation for the daily bullish trend. Currently, the market rhythm indicates that bullish forces are still accumulating. Short-term pullbacks are not trend reversals but typical retracement and shakeout actions, mainly aimed at building momentum for further upward movement. Today's trading strategy remains focused on buying on dips.
Specific trading suggestions: Pay attention to support levels in the 76,300-75,800 and 75,000-74,500 ranges. If support holds, consider entering long positions on dips, targeting the 77,800-78,500 range. Breakouts can aim for the 79,500-80,200 resistance zone. Do not short unless key support levels are broken during pullbacks. #WCTC交易王PK $BTC $ETH