BTC weekly chart shows a bearish engulfing, indicating resistance at the daily 200 moving average top, but the 75K support below is currently holding,



Currently, there is a CME futures gap at 78.5-79K, leaning more towards an upward squeeze to form a head and shoulders bottom right shoulder,

Filling the gap and then dropping; if it breaks 80K, the head and shoulders top invalidates, and the price returns to 83K-85K before dropping again,

Below, 75.5K accumulates a large amount of liquidity; smaller timeframes have failed to break above 77.7K and will likely take out the 75.5K liquidity downward,

Strong support below at 75K, strong resistance above at 79K,

For long positions, focus on 76K-75K. For short positions, focus on 77.7K (short-term) and 79K$BTC #普京访华
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