Bitcoin Update:

Bitcoin 76827 USD.

Initial support is at 76808, strong support is at 75000.

Price action is trending towards position liquidation at 78518.

The 77200 level has become a resistance level, and we may see a reversal here if the upward movement is weak and doesn't break through it strongly.

Advice:

When entering a long position, place a stop-loss at 74940.

Collect some of your profits at 77200.

Take profit at 78500.

Don't trade with more than you can afford to lose.

If you have any questions, leave them in the comments and I will answer them.

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