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Based on the current situation, BTC is at a very critical crossroads. Although the price is moving within a clear upward channel, recent candlesticks have started to pull back after touching the upper resistance level, indicating that bullish momentum is weakening. Combining support and resistance levels, the current trend can be described as “oscillating within the upward channel, facing a choice of direction.”
Technical Pattern Analysis
Upward Channel
The price is still operating near the middle-upper band of the channel. This is a typical bullish continuation pattern, indicating that the lo
BTC1,38%
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$BTC Based on the current chart, the current price is at a critical crossroads. It has just touched the lower boundary support of the upward channel, and is currently under suppression from multiple resistance levels above
I. Overall Trend Analysis
1. Upward Channel Structure
A clearly defined, standard upward channel
The price previously hit a high of about 78,300 and then pulled back; it is now in the support zone along the lower edge of the channel. As long as the price remains above the channel’s lower boundary, the long-term upward trend structure has not, in theory, been broken
2. Recen
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Last week's summary: Bitcoin gained 8,862 points, Ethereum 392 points, and gold 188 points. This week, let's keep up the good work and continue to lead the brothers to profit #山寨币复苏?
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$BTC $ETH On Friday at 9:18 AM, Bitcoin’s current price is 74,883. There is a short position on Ethereum at 2,343. During the period, I notified adding three times to the position. Bitcoin’s average price is 76,523; Ethereum’s average price is 2,371. Currently, all positions have been notified to exit with profit. Bitcoin profit: 1,236 points; Ethereum profit: 48 points. Although I was briefly trapped, the final outcome is still profitable—another pair of big wins 😎 Currently flipping into a long position by reversing.
BTC1,38%
ETH0,86%
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$BTC $ETH If we continue like this, it will drop below 76,000. Yesterday's rally was too strong; a pullback is necessary. Keep holding the short positions.
BTC1,38%
ETH0,86%
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$BTC Overall Trend: Clearly upward trend. Price is moving within an upward channel, with lows continuously rising and highs attempting to break through. Currently, it is consolidating with high-level oscillation.
Resistance Levels:
First Resistance Level: 75,465.15. The price briefly pierced this line but failed to stabilize, indicating strong selling pressure here.
Second Resistance Level: 76,005.52. This is near the recent high, a key level that the bulls must overcome.
Support Levels:
First Support Level: 73,916.56. This is the lower edge of a recent consolidation platform. If broken, the
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$BTC How are these two stocks? Recommended on March 9th, #美股创下历史新高
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$BTC $ETH At 9:18, Dapeng 74883 has been notified, Ethereum 2343 entered short position
BTC1,38%
ETH0,79%
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