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Good afternoon, I am Xinyi

In the 1-hour K-line chart of Bitcoin, we can clearly see that the price is still in an upward trend channel, and this is a standard upward trend. We can see the consistent rise in the lows and highs, with new highs being set. However, the expected interest rate cuts have not been realized, leading to a weakening of market sentiment, and the market is temporarily not as active as before; nonetheless, the trend remains healthy. Now that we know the direction, we should focus on the demand for pullbacks. Currently, this upward channel is too strong, and there hasn't been a break below the previous low. It is still oscillating at a high level. It will either break out into a new trend before midnight tonight or experience a prolonged stagnation before falling. The 1-hour lifeline of 757 is also the current short-term support in the 4-hour K-line. It will either hold above 760 and continue to extend upward, or it will pull back without breaking and continue to set new highs.

Refer to pullbacks that do not break 75722; aim for around 765. If the 4-hour chart holds above 760, continue to look for a target of 769 and upward breakouts until signs of a pullback appear.

If the 4-hour chart does not close above 757 today, there will be a demand for a pullback. At that time, first check if 747 breaks; if 747 cannot hold, look towards 734. If 734 cannot hold, then it will drop.

Bearish outlook reference

Continuous spikes below, strong demand for pullbacks. I think it would be more prudent to pull back a bit before going long.

If it breaks below 757 and rebounds around 760, look to short towards 747. 747 is the bottom position for today; if it breaks below 747, watch the situation around 734 for a potential bottoming opportunity. #BTC☀ #大盘的下一步？ #大盘的下一步？ #ETH🔥🔥🔥🔥 #抄底 $BTC