Secondary surge to 80k faces pressure and pulls back, after a wave of plunge, short-term may face a correction

At this stage, two attempts to reach close to 80k can be said to be very smooth and comfortable recently. And the highest point was given early in the morning, with a waterfall after a wave, both Dodo and Kong are affected. I also mentioned hedging over the weekend, which aligns well with today's trend logic.

Since the market has returned above 77k, what’s next?

On Monday, generally, there are more unilateral trends, especially after facing resistance. I favor a correction, and the focus will be on the 77k support, which was a strong support at the end of last week. #比特币突破7.9万美元

If it breaks below, it will increase the downward momentum testing the 75,000-76k area, especially 76k can be seen as a short-term top-bottom reversal, after all, since breaking through last week, it has basically been consolidating at high levels.

Recently, don’t expect too much volatility in the market; the weekly fluctuation is only about 5,000-6,000. Intraday, it’s quick to rise and fall, and after a wave, it tends to consolidate sideways. The key is to have patience and wait!

Next, observers can consider buying near 77,000 or slightly below. For a more conservative approach, placing orders around 76,600 is also acceptable. $BTC