#BTCBreaks77000


The movement in BTC is really strong: it surpassed $77K today, representing an increase of approximately 22% in the last 5 days.

In my opinion, the critical point right now is "breakout or pullback?":

* Sustained position above $77K-78K: Positive for a continuation of the uptrend.

* Pullback and hold in the $73K-74K region: A healthy retest scenario after a breakout.

* Below $70K: Indicates a significant weakening of short-term momentum.

* The liquidation of approximately $1.2 billion in short positions during the recent rise suggests that part of the movement was due to a short squeeze.

If I were you, instead of chasing the peak with FOMO, I would look for a reaction at the $73K-74K retest; and I would watch sustained position above $77K-78K as a second confirmation.

$BTC
BTC7.58%
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DuniaForexCrypto
· 6m ago
Bull Run 🐂
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HelalChowdhury
· 53m ago
Ape In 🚀
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HelalChowdhury
· 53m ago
To The Moon 🌕
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HelalChowdhury
· 53m ago
To The Moon 🌕
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HelalChowdhury
· 53m ago
Ape In 🚀
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HighAmbition
· 1h ago
Ape In 🚀
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ThisIsTranslateContent:
· 2h ago
Just send it 👊
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FatYa888
· 2h ago
Firmly HODL💎
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ybaser
· 2h ago
To The Moon 🌕
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