BTC did not make a false breakout at 79171 yesterday; instead, it continued to fail to break through and then declined. Later in the early morning, it reached the area I mentioned last time for a potential long (72110 - 74571), but I missed it again overnight. It's not good to chase now, so I will wait for a second test.
Today's outlook
Short
1. Resistance area at 80607
2. For 79171, let's observe it for now
Long
The area remains the same. Continue to monitor 72110 - 74571, and pay attention to the price action during the second test (waiting for the price behavior, as each time it makes lower lows, and the price hasn't made a new high, it’s very likely to go lower).
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#BTC
BTC did not make a false breakout at 79171 yesterday; instead, it continued to fail to break through and then declined. Later in the early morning, it reached the area I mentioned last time for a potential long (72110 - 74571), but I missed it again overnight. It's not good to chase now, so I will wait for a second test.
Today's outlook
Short
1. Resistance area at 80607
2. For 79171, let's observe it for now
Long
The area remains the same. Continue to monitor 72110 - 74571, and pay attention to the price action during the second test (waiting for the price behavior, as each time it makes lower lows, and the price hasn't made a new high, it’s very likely to go lower).