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Yesterday, heavily influenced by the market, BTC showed a strong upward momentum and gradually broke through multiple key resistance levels. Unfortunately, it still left a bit of regret for the shorts, sweeping them out and ending their position.
Currently, this strong rebound is getting within just one step of 8W, yet it met resistance and pulled back. Although the overall trend is bullish, it has already touched the ceiling of the short-term market price. In the short term, watch for resistance overhead and for a breakout with increased volume and a hold—if it breaks out and stands firm above 79200 - 80000, you can go along with the move. If it fails to break through, consider going short and look toward the 77500-76400 area below.