$BTC 4.22 BTC Market Analysis: Early morning Bitcoin once again experienced a surge. Last night, I mentioned a strong support around 750 on the chart, and also said that the latter half of the trend was characterized by a decline first and then a rise. I also mentioned that if the price stabilizes above this line, the main force could drive the price higher to around 775, which has basically been validated. Currently, the bullish momentum is in the volume-expanding stage within two vacuum zones! Additionally, the news sentiment shows that the Fed's hawkish expectations are marginally easing, and the market's expectation of a rate cut in June has slightly recovered, with funds flowing from the dollar into risk assets. Geopolitical risks are boosting demand! As for the outlook, yesterday’s 750 was perfectly exited near 775, leaving about 2,500 points of space. Now, we need to observe the main capital's actions in building a platform. The break above 768 has turned support below, so the idea of continuing to look for long positions around 768 can be referenced.


The operation suggestion is to go long around 768, aiming for 783-840, with a small stop-loss of 500 points.
BTC2.16%
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