Bitcoin has already entered long positions with a rebound at 76,500. The next step is to hold patiently and wait for market changes after the US stock market opens in the evening.



Currently, the support at 76,500 has been confirmed as effective. After entering the market, the price briefly surged above 77,000, then quickly fell back. It can be seen that there is a lack of positive catalysts to push the price higher. Additionally, during the daytime market, liquidity is relatively weak, and overall volatility is limited. In the short term, the market will likely oscillate around the support level below. We will continue to hold and wait for the US market to open.

The bullish range remains at 76,200-76,500. The market has tested this level multiple times, providing entry opportunities. The stop-loss is set at 75,500, with the target first at 77,680 to reduce positions, then look for a breakout towards 78,200-79,200.

The bullish outlook remains unchanged, continuing yesterday's strategy.

For a short position, target 79,200-79,600, with a stop-loss of 1,000 points $BTC .

For Ethereum, target 2,180-2,200 for a short position, with a stop-loss of 45 points. After entering, further profit-taking targets will be provided $ETH .
BTC-0.41%
ETH0.2%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments