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

　The major downward trend line of 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, a new trend channel line is being built, and the market will give a second retest opportunity, which will be the second best entry point.

BTC within the range of $126,173 - $59,909, currently breaking through the 0.236 Fibonacci retracement resistance, and in the subsequent period, the price will operate within the 0.236-0.382 Fibonacci retracement zone ($75,600 - $85,260), while in the $97,900 - $59,903 range, the weekly candle shows a bullish body and the price successfully breaks through the 0.382 Fibonacci retracement resistance ($74,500) and attempts to push towards the 0.5 level ($78,800), which is the focus next week.
Support levels: 74,500-75,500; Resistance levels: 78,800-85,000;
Trading suggestion: mainly short at high levels and long at low levels.
Operation advice: buy long on Bitcoin retracements around 74,500-75,000, with a stop loss at 73,800, and target 78,800; breakouts towards 83,000-85,000.
Ethereum follows the same logic, with sideways movement over the weekend, try to avoid trading.
Investing involves risks; enter the market cautiously! Trade at your own risk based on your own capital allocation.
It is very important to match the size of your funds and position management according to your trading plan and holding period; do not over-leverage!!