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Bitcoin has finally experienced a significant rally, with the price breaking through the 76,000 level. The bulls remain extremely strong. So can this wave of bullish momentum continue to push higher? Let's look at the pre-market analysis below.
Looking at the 4-hour level, price has broken through three consecutive bullish candles and moved higher, breaking through the upper band. The overall uptrend is evident, showing an upward bias before the market opens. Today's key focus is on yesterday's pressure support point. 74,500 is now the current support level. If price breaks below and fails to stabilize, it indicates a pullback signal. Conversely, if price tests the support and holds it without breaking, the bulls will continue to rally higher.
On the daily chart, we see 8 consecutive bullish candles, and the 9th candle continues higher. Intraday, we need to watch whether price can stay above the channel. If not, it will continue higher. Additionally, the MACD energy histogram on the secondary indicator is strengthening. Therefore, intraday pullbacks and tests at the conversion support levels are expected. It's recommended to look for bullish entries on pullbacks to the 74,500-74,000 zone, with targets at the 78,000 level. Weekly chart shows resistance at 82,500. Whether price can reach this level remains to be seen.
Follow Mo Yan, focusing on contract and spot entries, the team still has positions available, jump in quick. #比特币突破7.5万美元 $BTC