Today’s Bitcoin trend, I have already drawn it on the chart, the market has already moved into an upward channel structure, the previous high of 79,443 is currently a strong resistance level, the four-hour major trend is bullish and complete, currently in a high position gathering strength, waiting for a decision on the direction. As long as it does not break below the lower boundary of the upward channel, pullbacks are opportunities for bulls to enter. If the four-hour K-line breaks below 77,000 channel, it indicates that the bullish upward trend has been broken, stop long operations, switch to watching or lightly shorting.

It is recommended to enter long positions around 77,500-78,000, with targets around 79,400-79,900, and if broken, look at 80,000-80,500.

By the way, yesterday’s short positions around 78,200-78,800, target 77,000, were perfectly closed for profit, earning at least 1,200 points. Congratulations to everyone who followed!

The above analysis is my personal humble opinion, the market changes rapidly, strategies are for reference only, set proper stop-loss and take-profit #Gate13周年现场直击 $BTC