Morning Bitcoin continues to trade sideways at high levels, with the price pushing up to test the 79,000 level then encountering resistance and pulling back, with selling pressure concentrated in the previous high area. The bullish momentum temporarily pauses for a rest, and the market shifts into a consolidation and buildup phase.



The daily chart shows a solid and strong three consecutive bullish candles, confidently recovering the retracement from last week. The bullish structure continues to strengthen, and the market remains relatively strong, with the upward trend unchanged. The technical correction on the 4-hour cycle has been fully digested, with Bollinger Bands turning upward in sync, and bullish momentum steadily accumulating. Currently, market activity is light, and capital participation is relatively low, with the market completing a narrow-range consolidation to facilitate chip rotation, preparing for a subsequent rally. The current pullback is just a pre-rally consolidation and not a trend reversal signal. The bullish pattern still dominates, and traders should confidently follow the trend to go long, patiently waiting for the breakout after the buildup phase.

Morning Bitcoin trading strategy:
78300-77800 buy directly, target 79300, Ethereum moves in sync.
2310-2280 buy directly, target 2360.
BTC0.33%
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