Crypto Morning Market Update:


BTC weekly chart shows a large bullish candle last week, breaking through the W bottom and continuing upward. This week presents a bullish upward trend, currently near the pressure zone of the upper boundary of the ascending channel and the FVG gap at 82,000-84,000. Overall, the weekly chart is in a oscillating upward structure. Breaking through the resistance zone could reach the target area of 88,000-90,000. A pullback holding above 79,000/77,000 supports may indicate continued weekly bullishness; weekly MACD shows a golden cross, RSI and CCI have generated bullish crossovers and remain strong; on the daily chart, three consecutive bullish days indicate an uptrend, with volume slightly increasing. Yesterday’s price broke above 82,000, reaching around 82,800, then retraced and pulled back. Key resistance is at 83,000; only a breakout can open further upside space toward the strong resistance zone of 88,000-90,000. Key support levels below are: 80,000 (neckline + previous low support), 77,000/76,500 (midline strong support). Currently, the daily chart continues an oscillating upward structure; MACD shows a golden cross, but RSI and CCI are in overbought conditions. In the short term, focus on the 4-hour chart, which is facing a death cross and a pullback. For conservative trading, consider:
Long positions in the 78,000-79,000 area, stop-loss at 76,800.
Short positions above 81,300-82,300, stop-loss at 83,000.
BTC-0.62%
View Original
post-image
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