80,000 up and down, where is this big pancake really going? The key points will soon become clear!
This morning, there wasn't much movement in the market, with BTC fluctuating around 80,000, showing a slow upward trend, but the upward momentum is clearly insufficient.
From the candlestick perspective, after a previous rebound, it is now starting to consolidate. The doji + bearish engulfing pattern indicates a tug-of-war between bulls and bears, with market sentiment being cautious.
Although the MACD is still above the zero line, the bars have shrunk, showing weakened momentum, and the rebound strength is also depleting, so be careful of a sudden reversal.
Resistance: 80,420 (if it can't break this level, watch out for a re-test)
Support: 79,000 (if it breaks, it might directly drop to 77,457 or even 74,457)
If you haven't entered the market, wait and observe; don't rush, the direction hasn't been confirmed yet;
For those looking to buy the dip, consider entering in batches when approaching around 79,000;
Set stop-loss for long positions: 77,457
Set stop-loss for short positions: 81,200 (if it goes higher, don't fight it)
Now is not the time to be blindly aggressive; the market is unclear, so trade with a light position and be cautious.
Unsure how to operate? Call me, and I'll guide you step by step in planning.
