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Bitcoin is still constantly pushing new highs. The reason is simple: the people doing “k” are just too crazy—throwing in and smashing “k” order after order. Unless the main players fully blow up and clear out these buy/sell controls, there won’t be a big pullback.
Right now, Bitcoin 🫓 is rushing toward the resistance at 82201. If it can break directly through this level, the next step is likely to probe the 83500 area. If you still insist on doing “k” against the trend now, I’ve got to say you really are a stubborn idiot!
Let’s look back at the past few days’ price action and you’ll understand. Before Bitcoin made a new high at 81980, it first pulled back to retest the support at 80830. After bouncing off that level, it formed a consolidation-and-stabilization pattern, then surged to the secondary high at 81780. After that, it pulled back again to the lower edge of the consolidation range, formed a low point, and then rose once more—step by step, it kept setting new highs. All these signals show that Bitcoin has no intention of pulling back.
At this stage, as long as Bitcoin 🫓 doesn’t fall below 80800, there’s no need to do “k.” Only if it breaks below this level will the hourly uptrend be damaged, and only then will there be a chance to see 79450 downside. If it hasn’t broken yet, doing “k” is like throwing a meat bun to a dog.
Also, be aware of a small risk: although the hourly Bitcoin price is rising, the MACD indicator doesn’t keep up and shows a slight divergence. Even though this divergence doesn’t have much impact, the current price is already high. A 1%-2% move could translate into a drop of several thousand dollars—so you must stay alert.
$BTC Now look at the daily timeframe. Bitcoin 🫓 has broken out of the ranging box, but a bearish pattern has appeared. The pattern-matching level, 84850, is the key reversal zone. You can try opening a small position doing “k” here—even if you’re wrong, it’s still worth the gamble. Once this level is broken, Bitcoin 🫓 will be heading to see it above 90k. However, this level will very likely see a pause after the climb; even if it doesn’t drop sharply, you can still catch a round of pullback. If you want to place “k” orders early, just focus on this level.