Bitcoin (BTC): Breaks Through $80k Barrier, ETF Buying Support Strong

Bitcoin successfully broke through the key psychological resistance of $80,000 today, reaching a high of $80,336, currently consolidating in the $79,200-$80,250 range. The current quote is $78,317.6, up 1.27% in 24 hours, with daily fluctuations between $77,159 and $78,918.9.

Technical analysis and key levels: The 4-hour moving average system is in a bullish alignment, the daily CCI is at 100.9 in the shallow overbought zone, and the Bollinger Bands have narrowed to the tightest in nearly 30 days, indicating a potential market reversal.

· Long strategy: A rebound to the support zone of $77,000 - $77,500 can be used to establish long positions, with a stop loss at $76,000, targeting $79,000 - $79,500.
· Chase long strategy: If the price firmly stays above $80,500, consider light long positions, with a stop loss at $79,800, targeting $81,200 - $82,000.
· Short strategy: If the price faces resistance and pulls back in the $80,200 - $80,800 range, consider light tentative shorts, with a stop loss above $81,200, targeting around $78,000.
· Key support levels: $77,000 → $76,000 → $74,000
· Key resistance levels: $80,500 → $82,000 → $86,500
$BTC ‌

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