This week, Bitcoin has shown a phased downward trend, with Bitcoin once dropping to around 77,600 yesterday. Currently, on the daily chart level, there is some degree of break below. Although there was a small rebound today, it is considered a temporary halt to the downward momentum. Looking at the longer timeframe, it is still in an upward trend. At this stage, the pattern can be viewed as a bullish setup, with strong support below to ease the pain.



From a technical structure perspective, it is currently fluctuating between 78,000 and 82,000, showing a high-level consolidation pattern. In terms of formation, after a correction from around 81,000 down to 78,000, it has stabilized, and currently, a short-term support has formed between 78,000 and 79,000. The support level gives us no reason to ignore. Prepare for defense and strike hard!

Bitcoin trading suggestion: Look upward near 78,200, target 81,000#比特币V型反转
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