Market Outlook

Bitcoin continues to fluctuate at high levels, with expectations of a rise after consolidation
Currently, the market is still oscillating between 77-79, consistent with our expectation of a rise following a rally and continued consolidation
77 is the main support; as long as it does not break below this level, the short-term outlook remains for consolidation or an upward trend
If 77 breaks, the short-term support below is around 74
The best case is not to stay in the 77 range for too long and to continue rising quickly, so the next target range will be 81-84, which will be reached rapidly
Even if it breaks below 77 and retraces to around 74, I do not believe this indicates a top. The CME gap fill remains my target
Someone asked if it’s possible to short in the 81-84 range. Theoretically, there will be significant resistance in this area, but if the US stock market remains strong, I think it’s not advisable to lean too much toward a short. I might stay on the sidelines rather than short
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