Bitcoin daily K-line shows a sharp rise followed by a pullback, with the lowest around 79,100, providing some opportunities to unwind short positions. However, once it breaks below the 80,000 threshold, it suggests the market can't go higher and has topped out. That's a bit too optimistic. Currently, there are no signs of a top. As always, the same advice applies: guess the top on the left side and short, but control your position size, be prepared for being trapped, avoid chasing rallies, and if you want to go long, then buy on pullbacks!



If you want to go long at lower levels, pay attention to the support levels at 79,000 and 78,000 tonight. Enter long positions around these levels, with a stop loss if it breaks below 77,000.

If you want to short at higher levels, try to target the tops around 83,000 and 84,000 on the left side. Be sure to trade with small positions, use tight stops, or prepare for being trapped if going for a rebound at high levels.

For Ethereum, if you want to go long at lower levels, focus on support at 2,260 and 2,220. Stop loss if it breaks below 2,200.

If you want to short at higher levels, look at resistance around 2,420 and 2,500. Use these levels as reference points for entries.
BTC-0.09%
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