Bitcoin is currently challenging the weekly resistance level at 82,000.


If the horizontal resistance is not broken, it is not recommended to continue chasing longs at high levels.
Consider waiting for a pullback before going long at lower levels.
Yesterday, the price dropped sharply with increased volume, forming a "door" pattern, and the short-term trend is in line with expectations.
The current structure may be a potential equal-distance upward move, with the highest point being a potential reversal level.
Continuing to chase longs above 80k carries higher risk; focus on buying on dips, and do not chase longs.

In terms of operation:
Buy on dips around 78,000-79,000
Stop loss: 77,000
Target: Breakthrough at 80,000/82,000, aiming for 83,000/85,000
BTC1.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin