Bitcoin dipped to 76 support yesterday without breaking it and rebounded, directly pulling up to around 77400 overnight, rising over 1400 points. The outlook yesterday was bullish at the 76 position, perfectly exiting short-term.
1 Technical Indicator Analysis
The daily line level price oscillates around 76800, with 76 previously above changing from resistance to support. It tested down yesterday without breaking, and the buying strength is strong, forming effective support. The MACD is below the zero line, and the downward momentum is slowing down, with signs of a stop in the decline and stabilization.
Overall, it is oscillating at a medium-high level pre-market, with no extreme overbought or oversold conditions observed. The short term is mainly characterized by range oscillations, with no clear unilateral trend at present. Strong support: 76000 threshold
Short term: Focus on support at the bottom of 76000-76200, mainly long with low positions. Look near 77400, if the upper side doesn't break, it can test pressure down to 74, watching for a thousand point decline. Both sides can be traded during the day.
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