5.8 Market Analysis and Strategies

If it breaks below the previous parallel top, just keep looking downward, there's nothing much to say.
A small-scale bearish signal has appeared, continue to rebound and short, just do it.
1. $BTC ‌ Bitcoin Trading Strategy

Right-side Trading

1. Chase Long: Breakout with volume above 79,919, enter on the right side
Take profit: 80,885 → 81,702
If it doesn't break 79,919, the bulls lack the strength to push higher

2. Chase Short: Break below 79,461 with volume, rebound fails to recover, enter on the right side
Hourly support can't hold, follow the trend to look for a decline

Key Defensive Levels for the Cycle

4-hour level: Break below 79,485, look for a bearish trend
Target: 78,150 - 77,221

Key Resistance and Support

Resistance: 79,919 - 80,885 - 81,702
Support: 79,451 - 78,139 - 77,169

Summary

Bitcoin's rebound encounters resistance at 82,192, then retests support, losing the 80,885-80,000 level.
Currently testing support at 79,590 repeatedly, in a range of 80,250-79,562, waiting for a direction.
Hold above 79,590 to prevent further decline; once it breaks 78,133, it will be hard to hold, and the hourly bullish trend will end directly.
To reverse the decline and rebound, volume must break above the flag pattern's upper boundary at 80,250, and re-establish above 80,885 to restart the upward trend.

2. $ETH ‌ Second Bitcoin Trading Strategy

Right-side Operation

1. Chase Long: Breakout with volume above 2,290, enter on the right side
Target: 2,315 - 2,346

2. Chase Short: Break below 2,263 with volume, enter on the right side, set a good stop-loss

Left-side Low Buy

Retest at 2,220, support confirmed effective, can set up long positions
Break below 2,180, stop-loss and exit immediately

High-level Short

If it reaches 2,356, can set up a short position
Break above 2,387, strict stop-loss

Left-side Pending Orders

Long order point: 2,157
Stop-loss: below 2,114

Key Resistance and Support

Resistance: 2,290 - 2,315 - 2,346
Support: 2,265 - 2,218 - 2,157
Reminder: All trades should strictly include stop-loss, participate with light positions, market can change at any time, do not hold large positions or take heavy risks. #btc