Technical Analysis: Where is the Next High Ground for BTC After the 76,000 Level?



Faced with Bitcoin's return above $76,000, the technical charts have already provided clear signals, but the bullish and bearish divergences are also at their peak at this moment. From the daily chart perspective, BTC's decline in early April did not break the previous low of $72,000; instead, it formed a strong reversal pattern of a "double bottom confirmation + volume-increasing bullish candle."

The current price is testing the heavy resistance in the $76,800—$78,000 range, which is the upper boundary of the dense trading zone since March this year. If the uncertainty surrounding the ceasefire negotiations allows a surge to stabilize above $78,000, then challenging the all-time high of $80,500 in the short term is highly probable. However, if a "reduced upper shadow" appears here, caution is needed for a false breakout, as a sharp increase in contract open interest may indicate high leverage risks that could trigger a long-short squeeze.

Regarding "how to view this wave's high point of the rebound?" I personally remain cautiously optimistic. The short-term (before the ceasefire expires) high is expected around $79,000, which is the limit of emotional betting. But if a ceasefire agreement is unexpectedly reached or the situation cools down, BTC could quickly retrace to $74,500 to confirm support.
$BTC

In terms of trading strategy, I recommend using the "grid trading method." Place orders in segments within the $74,000—$79,000 range, leveraging sharp news-driven volatility to profit from oscillations, and avoid heavy long positions at key resistance levels. True trending markets often emerge during the calm period after the dust of news settles.
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discovery
· 2h ago
To The Moon 🌕
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Ryakpanda
· 3h ago
Just charge and you're done 👊
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