The current Bitcoin chart outlook is shifting towards a bearish bias at higher levels. The key resistance above is 78,300, which has transitioned from previous support and is also near the middle band of the Bollinger.



A rebound to this level encountering resistance suggests a light short position, with the stop-loss moved up to above 78,900;
First target: 77,100, the previous upward support. If this level is effectively broken, the space opens up, and it can be watched down to around 75,000.

Currently, the market has shifted from high-level consolidation to weakness. Do not blindly bottom fish; following the trend and strictly managing losses is the best strategy. #BTC
BTC-0.46%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin