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⭐ BTC 1-Hour Update
BTC has just moved back up again near the lower boundary of the range, and now it’s returned to the middle-upper part of the range. The support mentioned this morning remains effective.
Today, there also hasn’t been any real breakdown below— the market hasn’t truly weakened yet. Still, you need to watch for the possibility of a continued upward breakout.
These are the only two key levels to focus on:
Upper resistance: 81,800–82,500
Lower support: 80,600
Next, it’s very simple:
If the price rebounds to the resistance zone above and can’t break through, you should still look for a high-to-low pullback after the rally—you can continue to find opportunities for shorting at higher levels.
But if the price once again holds steady above the top of the range, it means the short-term price may still have a chance to test the prior high.
Right now, it’s either not a one-way market, but rather price action bouncing back and forth within the range.
Don’t chase shorts at lower levels, and don’t chase longs at higher levels.
Wait for a rebound to the resistance area to look for shorts; only if the price breaks below the lower boundary of the range does it count as truly weakening.#Gate广场五月交易分享 #BTC回调 $BTC