Follow up on the current trend analysis of $BTC : This wave of rise has entered a critical game zone.
BTC has reached a key resistance zone, with a divergence in volume and price structure. The price peaked at 76,000, exactly falling within the reversal trend line resistance zone of 75,000-78,000 that we have repeatedly emphasized before. From the perspective of the wave theory structure, a daily level ascending segment has formed here, showing the embryonic form of a top divergence.
Eight consecutive daily gains + reduced volume surge, the probability of a short-term peak and retreat is still quite high!
Currently, the smaller time frame is in a pullback, but still within the ascending channel, and the technical rebound demand remains. It is expected to retrace around 73,500 (0.382 Fibonacci support level + channel lower boundary).
The daily chart shows eight consecutive gains, and although the MACD fast and slow lines are opening upwards, the bullish momentum has begun to shorten. This is a typical case of "price making new highs, but momentum has not followed."
If today’s daily candle closes bearish, the subsequent downward adjustment may occur in the range of 70,000-72,000.
The current thinking is: do not chase highs for now, wait for a confirmation of the next high point before looking for short opportunities.
Left-side layout: If the price rebounds to the range of 75,000-75,500, and a 1-hour level top divergence or reduced volume stagnation occurs, consider trying a small position short, with a stop loss set above 76,500.
Right-side confirmation: If the price breaks through 76,000 with volume and stabilizes, the aforementioned bearish view becomes invalid, and a re-analysis is required.
Currently, the market's divergence on the range of 76,000-80,000 is increasing. Once negative news appears, it may become the last straw that breaks the camel's back.
Later, the analyst will update the latest strategy based on market trends!
#比特币突破7.5万美元
BTC has reached a key resistance zone, with a divergence in volume and price structure. The price peaked at 76,000, exactly falling within the reversal trend line resistance zone of 75,000-78,000 that we have repeatedly emphasized before. From the perspective of the wave theory structure, a daily level ascending segment has formed here, showing the embryonic form of a top divergence.
Eight consecutive daily gains + reduced volume surge, the probability of a short-term peak and retreat is still quite high!
Currently, the smaller time frame is in a pullback, but still within the ascending channel, and the technical rebound demand remains. It is expected to retrace around 73,500 (0.382 Fibonacci support level + channel lower boundary).
The daily chart shows eight consecutive gains, and although the MACD fast and slow lines are opening upwards, the bullish momentum has begun to shorten. This is a typical case of "price making new highs, but momentum has not followed."
If today’s daily candle closes bearish, the subsequent downward adjustment may occur in the range of 70,000-72,000.
The current thinking is: do not chase highs for now, wait for a confirmation of the next high point before looking for short opportunities.
Left-side layout: If the price rebounds to the range of 75,000-75,500, and a 1-hour level top divergence or reduced volume stagnation occurs, consider trying a small position short, with a stop loss set above 76,500.
Right-side confirmation: If the price breaks through 76,000 with volume and stabilizes, the aforementioned bearish view becomes invalid, and a re-analysis is required.
Currently, the market's divergence on the range of 76,000-80,000 is increasing. Once negative news appears, it may become the last straw that breaks the camel's back.
Later, the analyst will update the latest strategy based on market trends!
#比特币突破7.5万美元