#BTC Yesterday morning to night, a total of 7000 points landed, mainly around the upper resistance at 808 and the support at 779. The trend just happened not to break the resistance and support levels, and as mentioned in the early morning, just below the resistance at 807, which is slightly less than 808, with the highest just over 807, no break of 808. So, as I always say, understanding support and resistance is very important, with strong resistance levels below the support line and strong support levels above the resistance line. Do not chase at the edges to prevent retracement or getting caught in a trap.

Currently, the overall pattern clearly favors the bulls, and in the short term, it has been moving within the range of the last weekly candle, indicating a large-range correction. Yesterday’s upward break of 795 has already broken the large consolidation zone, and the trend is now confirmed, turning bullish. However, there are many sell orders above, making the upward movement somewhat difficult, but it is still oscillating around 8, and the sell orders are being absorbed. Once absorbed, it will be a good opportunity for the bulls to push higher again. During the day, the main trend remains bullish, with a secondary support at 808.
Bullish around 796 to 793, watch for 813 to 818.