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⭐ BTC Market Update Today
BTC is still generally showing a sideways trend overall. Today is the weekend, and although yesterday's daily chart showed a bearish engulfing signal, today's candlestick does not indicate a strong decline; instead, it closed as a doji, suggesting a battle between bulls and bears.
Currently, a new upward trend line has formed below, and it has not broken the previous support. It is not suitable to blindly chase short positions at low levels.
In the short term, focus on two support levels:
79,500–78,800
As long as the price retraces to these levels and finds support, it is still possible to consider going long along the trend.
Key resistance levels above are: 80,600–82,800
If BTC can break above 80,600 again, there is still a chance for further upward movement in the short term. But if it reaches the high-pressure zone of 82,800–83,200, we should start watching for signs of a pullback to plan for shorting opportunities.
Looking at funding rates, bullish sentiment is beginning to warm up, but this also indicates that more traders are chasing longs at high levels, so caution is needed for false breakouts.
Today's strategy is:
If the trend line isn't broken, don't chase shorts at low levels; look for long opportunities on dips to support; watch for short opportunities at resistance; avoid reckless chasing in the middle range. $BTC #比特币跌破8万美元