The price trend of Bitcoin is not much different from the previous day, currently hovering around 76.3K after a peak retest. In the short term, we can reset the trend support line below and continue trading following the 20-day moving average.
Due to the ongoing Trump market, Bitcoin keeps refreshing historical highs. Attention can be paid to the psychological resistance level above, and we hope for another test of the high.
Resistance levels reference:
First resistance level: 76600
Second resistance level: 77300
Support levels reference:
First support level: 75800
Second support level: 75400
Today's trading suggestion:
The current goal is to break through the resistance level and stabilize. After the resistance is broken, it will turn into support, so it is recommended to gradually raise the support level for risk management.
Also, pay attention to the trend of the 20-day moving average. Although it may temporarily break below, there is a high probability of forming a lower shadow line, so consider 75.8K as an important support level for trading operations.
With Bitcoin continuously refreshing its highs, the view of maintaining a rebound can be held, and entry opportunities can be sought near the marked support levels. Due to the possibly lower volatility over the weekend, it is advised to wait patiently before trading, looking for positions with a high profit-loss ratio that can be completed quickly.
11.9 wave segment buried:
Long entry reference: 75400-75800 range long Target: 76600-77300
Short entry reference: 77600-78000 range short Target: 76600-75800