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Big Cake
Retry to push 78,300 again; the double-top pattern has emerged—should we short, or wait for a pullback to go long?
This week, the bullish momentum for the bulls remains strong. The high of this rebound reached around 78,500, with a slight break above the prior top.
The current price is ranging around 78,000, and many people are eager to set up short positions. In the short term, there is a need for a minor pullback, but the downside room is limited.
In addition, the gap near 79,700 has not yet been filled, and it is extremely close to the current price—so the probability of filling the gap in the short term is relatively high.
No need to act in a rush—wait patiently and observe two key levels before planning your entries:
Resistance above at 79,600, which is the upper boundary of the daily ascending channel;
Support below at 76,700, the key high point from yesterday’s rebound. #BTC