Bitcoin (\u003cc-51/\u003e) is unstoppable, directly breaking through the key resistance level of $73,200!
Last night before the weekly closing, I clearly told everyone in my previous review article: 71,000 is the lifeline for bulls. As long as the weekly line closes with a long lower shadow, it is a prelude to a surge. Those who sold at a loss and hesitated clearly missed this opportunity.
Okay, let's return to today's topic and let the data speak.
I. In-depth analysis of the market: The value of this breakthrough is extremely high!
1. A light start after deleveraging: Last weekend's 73,000 flash crash precisely eliminated high-level long leverage. Today's surge in trading volume did not significantly increase, which is a 'volume contraction rise', indicating that the market's selling pressure has largely been released or exhausted. The main force only needs a little spark to ignite a big bullish trend.
2. Emotional aspect completely reversed: The fear index is rapidly rising from extremely low levels. It is currently in the stage of 'price rising, people's sentiment just warming up', which is the most anxious time for those missing out and the smoothest time for big players to harvest.
II. Data Monitoring: Whales are firmly sitting at 7.3w.
Real-time monitoring shows that at the moment of breaking 7.3w, there are no signs of large inflow transactions to exchanges. On the contrary, the main funds are extremely 'quiet' in this area. This means: 7.3w is definitely not the end, but a gas station on the journey to 80,000 dollars.
III. Operational strategy after 7.3w stabilizes.
• New support established: The range of the previous historical high point $72,500 - $72,800 has completely turned from resistance to strong support.
• Target position prediction: This week's first target is locked at $75,000; if the US market stabilizes, the ultimate target aims at $80,000.
• Entry suggestion: For those who missed out, pay attention to the pullback opportunities around 7.28w; do not chase hard in a main upward trend (watch for opportunities).
I'll write to this point today:
In a bull market, money is made from cognition. Strictly following the strategy is the basic principle of trading!
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