BTC, from the daily chart perspective, is currently still maintaining above the upper boundary of the upward channel. This week, King Wen is visiting China, and it is expected that the market will heat up again, with prices pushing higher to reach new highs.

However, the current price-volume relationship is mismatched; prices are gradually rising while trading volume is decreasing. There is also disagreement among major players at this price level.

The resistance at the daily level above is at 83.5K (including the 96.6K retracement to 60k at the 0.618 Fibonacci level and the 200-day moving average resistance),

The support below is at 79.4K. If broken, the daily rebound will end, with a second support at 75K.

Personally, I insist that 60k is not the bottom. This wave of rebound has lasted long enough, and open interest positions have reached nearly a one-year high. If it turns downward, it could be the last big drop of the five-wave decline.
From the 4-hour chart, BTC has formed a double top but is still on the rising trend line, which is still a bullish trend. Watch the M-top line and the 79.4K support below.

If the trend line is broken, it could see a 1:1 decline to 76.5K. As long as the trend is not broken, it can continue to push higher and reach new highs.
From the 4-hour chart, BTC has formed a double top but is still on the rising trend line, which is still a bullish trend. Watch the M-top line and the 79.4K support below.

If the trend line is broken, it could see a 1:1 decline to 76.5K. As long as the trend is not broken, it can continue to push higher and reach new highs.
From a smaller timeframe, currently 80.4K is the minor support level. Only if broken can we look at 79.4K.

The resistance above is at 81.7K. Only if it breaks and stabilizes can we continue to look for a rally. #Gate广场五月交易分享 $BTC