Morning Analysis


Bitcoin surged to 78,560 and encountered resistance, breaking the Bollinger middle band, opening the channel downward, with pressure turning into strength, and the market remains below the middle band, dominated by bears.
KDJ slightly rebounded but lacked momentum to continue rising, only undergoing technical correction with no reversal. The overhead resistance is at 77,800-78,000, and the rebound volume is weak, making it difficult for the bulls to mount a counterattack.
Support at 76,548 has been tested; if the rebound is blocked, it will decline again, with a low target of 76,200. Overall, the decline is continuing, and the trend is bearish.
Trading Suggestions:
Short at 77,500-78,000 for a target of 75,500-76,000
Place a short position near 2,150-2,170 for a target of 2,050-2,070 #TradFi交易分享挑战 $BTC $ETH
BTC-2.52%
ETH-3.01%
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