Bitcoin is currently hovering around 78.3k, still in a high-level consolidation phase. The recent peak was around 79.5, and from that point, Bitcoin retraced by 2000 dollars but bounced back up this evening. This shows that the upward momentum for Bitcoin is still quite strong, but breaking through the 80k level is proving to be challenging.
Today, keep an eye on the support level at 77.5; if that breaks, Bitcoin may likely retrace down to around 75k. On the upside, we’re still looking at 79.5k first, and only if it breaks and holds above 80k can we confidently say the bullish trend is intact.
In terms of trading strategy, it's wise to stay on the sidelines for now, while aggressive traders might consider shorting. A retracement and consolidation seem probable.
#币安推出黄金vsBTC未来资产对决活动
$BTC
Today, keep an eye on the support level at 77.5; if that breaks, Bitcoin may likely retrace down to around 75k. On the upside, we’re still looking at 79.5k first, and only if it breaks and holds above 80k can we confidently say the bullish trend is intact.
In terms of trading strategy, it's wise to stay on the sidelines for now, while aggressive traders might consider shorting. A retracement and consolidation seem probable.
#币安推出黄金vsBTC未来资产对决活动
$BTC