BTC repeatedly tested the 79,300 level but was unable to break through effectively, with selling pressure still heavy above.
Yesterday, after pulling back to the key support around 74,569, it quickly rebounded, then oscillated upward to around 78,800. It is important to clarify that this rebound is more of a technical correction and not a trend reversal. Currently, there are no signs of sustained capital inflow from the main players, and US whales are still continuing to sell, so it is not recommended to chase long positions. The overall strategy remains focused on high-altitude trading.
BTC Trading Strategy: Gradually build short positions in the 79,400–80,400 range
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BTC repeatedly tested the 79,300 level but was unable to break through effectively, with selling pressure still heavy above.
Yesterday, after pulling back to the key support around 74,569, it quickly rebounded, then oscillated upward to around 78,800.
It is important to clarify that this rebound is more of a technical correction and not a trend reversal. Currently, there are no signs of sustained capital inflow from the main players, and US whales are still continuing to sell, so it is not recommended to chase long positions. The overall strategy remains focused on high-altitude trading.
BTC Trading Strategy:
Gradually build short positions in the 79,400–80,400 range
Target levels:
T1: 77,400
T2: 76,600
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