⭐ BTC Daily Chart Update


Since BTC started rebounding around 64,900, the overall movement has been a rising wedge pattern.
From the daily chart structure, it has not yet broken below the lower boundary of the wedge, so 82,800 will not be the high point of this round.
From the candlestick pattern, this morning's daily candle closed as an inverted hanging man. This pattern itself is not immediately bearish, but confirmation requires today's close.
Key resistance levels above:
83,300 - around 83,300
This is the resistance area above the Vegas channel, as well as the major Fibonacci retracement level.
If today continues to close bearish, especially if it breaks below short-term support and the lower boundary of the wedge, then this upper shadow could easily become an effective top confirmation, and the market may continue to fall back to find support below.
If today closes bullish, it indicates that the bulls are not finished, and the market is likely to continue testing upwards towards 83,300 or even around 85,000.
Key support levels below:
81,000—80,600 / 79,500
Overall, BTC is still within the rising wedge, and the trend has not been completely broken, but it has entered a high-pressure zone. The trading strategy remains to short on rallies. #比特币波动 $BTC
BTC0.29%
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