Over the weekend, Bitcoin was pushed from around 775 to above 79,000. Currently, the price is fluctuating around 790, with a downward trend. Although the price was pushed up over the weekend, it is clear that the overall trading volume has not significantly increased. This kind of structure belongs to a slow upward push with low volume, indicating that: it is not large funds accumulating, but rather exhausted sell orders plus a small amount of buy orders supporting the bottom.



From the current market situation, the 1-hour KDJ and RSI indicators are both in overbought conditions awaiting correction. Although the medium-term structure remains unchanged, there is obvious resistance at this short-term level. Continue to patiently wait for a pullback opportunity.

Bitcoin: 78,300-78,800, target, 79,500/80,000#美伊谈判陷入僵局 $BTC
BTC-0,47%
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