Tuesday Morning Bitcoin, Jingyi's Thinking


Early morning Bitcoin surged to 778, faced resistance at 780 and failed to break through, then retreated to around 773 for consolidation. The high points on the chart are gradually moving lower, the rebound strength is weakening, and short-term momentum is insufficient.

780 is a strong resistance, and two attempts to test it have both failed to hold steady, with obvious selling pressure. If volume does not increase to push back above 77,500, the hourly chart is likely forming a short-term top. Regarding indicators, the MACD shows signs of a death cross at high levels.

Short-term support is at 770; a valid break below will further target the 765-760 range. Until the price stabilizes above 780, the short-term strategy is to prioritize shorting on rebounds, with a wave target down to 738, strictly controlling position size. #股票交易挑战最高赢17000U
BTC-0.71%
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