Long time no see, and finally back from the holiday. During Labor Day, Bitcoin broke through the resistance and surged past 80,000. Currently, the price is stable around 81. I mentioned this last week as well, mainly focusing on a bullish outlook. The prediction has been perfectly validated. Moving forward, after surpassing 80,000, we can consider a downward move. We can jump in directly today.



From a technical perspective, the four-hour MACD is showing some weakening of the bullish momentum. Because recent volume increases have been rapid, and our current downward move is a counter-trend strategy, risk management is still necessary. On the daily chart, a golden cross has already occurred and broken through. The overall trend remains bullish, and now we need to see if a pullback can be absorbed. So, there's no need to overly focus on a bearish pattern here.

Bitcoin trading suggestion: 81,400 for a long position, 79,200 for a downward move.
BTC0.7%
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