On-ChainNoTeeth

#WCTC交易王PK Bitcoin's continuous short squeeze trend still requires the 78,500 resistance to be effectively broken before a pullback occurs. The key support level for the pullback is 75,650. Only if this support holds will it be the window for altcoins to catch up. Staying above 75,650. There is enough room for altcoins to catch up. Currently, Bitcoin's short squeeze trend has scared altcoins, which are hardly following the upward move, and some are even declining ahead of Bitcoin. $BTC

#比特币 The short-term movement involves a high-range fluctuation in a large zone, and the key support level is 75,650, which is also the critical support level for the upcoming pullback validation. It is entering a triangular consolidation phase. #WCTC交易王PK

#比特币 Currently, the Bitcoin trend has successfully reversed, and it is under pressure at 77,500. This maintains the 10,000 USD retracement, preventing it from entering a high-level sideways oscillation boundary. It has not stabilized effectively, and the overall downward trend has not changed for now. #加密市场小幅下跌

#比特币 A breakdown appears downward, while encountering the key support at 76,500. In this situation, focus on the critical boundary of steady pullback at 77,500. Once it stabilizes again, the pullback will cease, and the top oscillation will continue. #比特币突破7.9万美元 $BTC

#比特币 The rebound momentum is once again disrupted, and the key boundary of 78,000 has been broken through, indicating a top pressure to validate the market. However, to sustain a breakthrough, attention should be paid to the critical range around 77,300--77,500. A quick dip into this zone, followed by a rapid rebound above 78,000, is necessary to form a breakthrough wave. This kind of quick dip, according to long-term cycle theory, usually requires a retracement, but there will always be a point where it fails, breaking through rapidly. #加密市场行情震荡

#比特币 Currently focusing on the key level of 78,000, this position has become the point that must be suppressed for a valid correction wave. Currently, the short-term is a typical correction wave trend, but the daily chart remains in an upward trend, while the medium to long-term is at a clear resistance level. There is no clear direction yet. For the downtrend to be confirmed, a rapid decline below 75,000 is needed, which would essentially confirm a correction space of about 10,000 U. #加密市场行情震荡

#比特币 Bitcoin currently needs to focus on the key level of 78,000, as it cannot effectively stabilize, and the pullback trend may continue. This is a particularly important point to watch for short positions. After all, from the daily chart trend, it is still in an upward trend, but from the weekly K-line and short-term trend, a pullback is necessary. #加密市场行情震荡 $BTC #加密市场行情震荡

#比特币 The 70,000 that can be turned back at any time, the short squeeze trend has not yet completely changed. In the head-shoulders pattern on the chart, the current key level is 78,500. Successfully breaking above 78,500 is crucial to maintaining the short squeeze trend. Otherwise, beware of a sharp decline. This kind of ending market increases the risk for long positions significantly.#比特币反弹

#比特币 With this short squeeze situation, you must avoid placing early left-side orders later on. From a long-term perspective, a pullback to around 10,000 USDT may stabilize the situation. Each short squeeze breaks through a 1,000 USDT range, approaching a super major resistance level, making it difficult to stabilize in one step. A direct pullback could lead to a unidirectional downward wave, confirmed around 70,000.

#比特币 Bitcoin has disrupted the correction trend, shifting into sideways resonance. Currently, the boundary for resonance is 74,000, with gains and losses fluctuating around that level, attempting an upward breakout. The participation opportunity is to go long between 74,000 and 74,200, attempting to break through the right shoulder resistance zone during resonance. $BTC #GatePreIPOs首发SpaceX

#比特币 The Bitcoin correction trend has been confirmed, the direction has successfully reversed, and currently it is moving within the 2000U channel correction. At the moment, the limit pressure boundary for this steady correction is maintained at 75,800-76,200. #GatePreIPOs首发SpaceX $BTC

After Bitcoin shows signs of a short-term top, it has entered a downward correction trend, with the short-term market very weak and clear bearish divergence. This situation may lead to a decline, quickly reaching the extreme boundary of the correction, continuing downward until it breaks away from the shoulder support, which could change the overall trend; otherwise, the major upward trend remains intact. The key support zone for the correction is around 77,000 to 77,500. The short-term shoulder support is approximately 73,000, and the boundary for maintaining an upward trend in the medium to

#比特币 Bitcoin's attempt to retrace has failed again, with a short-term support zone appearing at 73,300-73,500. This also becomes the boundary supporting the continued short squeeze trend; it cannot break deeply below this range. Under the serious weakening of the market, maintaining the squeeze stance is difficult to change. Currently, it has successfully broken through the key daily moving average level. If this level is used as a support boundary, a new wave of attempts to break new highs may occur, forming a head pattern. Focus on 73,300--73,500. If it can break below this range significant

#比特币 Bitcoin has experienced a tentative decline and broken support levels. The short position is temporarily set around 74,900. Do not rule out the possibility of retesting this level again in the middle of the night, followed by a steady correction in a one-way wave trend.