#Gate13周年现场直击 Bitcoin breaks through the downward trend, a new trend channel line is being established! Waiting for a second entry opportunity!

The major downward trend line for Bitcoin has been broken, and Bitcoin has achieved three consecutive positive weeks; when the downward trend line is completely broken, it means the trend is gradually reversing, and a new trend channel line is being built. The market will give a second retest opportunity, which will be the second-best chance to enter.

BTC is trading within the range of $126,173 to $59,909. Currently, the price has broken through the Fibonacci retracement level 0.236 resistance. Going forward, the price will operate within the Fibonacci levels 0.236-0.382 ($75,600-$85,260), while in the range of $97,900 to $59,903, the weekly candlestick shows a bullish candle and the price has successfully broken through the Fibonacci level 0.382 ($74,500) resistance and is attempting to push towards the key point of support and resistance at 0.5 ($78,800). Next week will be critical. Support levels: $74,500-$75,500; Resistance levels: $78,800-$85,000.
Operational suggestion: mainly short on the high and long on the low.
Trading advice: buy on dips around $74,500-$75,000 with a stop loss at $73,800, target $78,800; if broken, look for $83,000-$85,000.
Ethereum's strategy is synchronized; it is trading sideways over the weekend, so avoid participating in trades as much as possible.
Investing involves risks; enter the market cautiously! Trade at your own risk based on your own capital allocation and holding period. Proper management of position size relative to your funds is very important—do not over-leverage!!