Bitcoin 4-hour level has now surged and broken through the resistance level, with long entries setting a break-even stop loss at 80300. The first target above is in the 82000-83000 resistance zone.


Short positions can initially try small positions in the 82000-83000 range; for a more conservative approach, wait until around 83000-84000 before participating.
If this upward move fails to break higher and instead falls back below 80300, the daily bullish pattern is considered broken, and the long idea should be abandoned.
Subsequently, focus on the support at the retracement and pin-in at 79000-78500.
BTC-1.47%
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