250412- Bitcoin Market Analysis
Bitcoin seems to be reversing the trend.
As shown in the diagram, unlike the previous false breakouts, this time Bitcoin has stayed above the Fibonacci 0.236 resistance level and the downward trend line for 12 consecutive hours, and has made a pullback.
Such a candlestick structure indicates that Bitcoin may further rise.
In addition, recent trading volume has surged, with buying power greater than selling power, and increased volume alongside rising prices is also a bullish signal.
Currently, I have a light long position, with a stop loss at 81000, and the first take profit level is at 85000.