Bitcoin has risen from its lows all the way up to 78,323, and the clear upward trend has not been broken. The lows are gradually getting higher, while the highs are temporarily under pressure, indicating a typical bullish accumulation pattern. After the previous high of 78,323 declined, it rebounded from the bottom, forming strong support in the 75,000 to 74,700 range. This is also the left shoulder plus the bottom in the head and shoulders bottom pattern. Therefore, as long as the short-term pullback near 74,700 does not break, the right shoulder will be successfully constructed, and the head and shoulders bottom pattern will be officially established, signaling the start of a new upward wave.

It is recommended to enter long positions around 75,500-75,000, with targets near 76,500 to 76,900, and a break above to watch for around 77,400.

The above analysis is my personal humble opinion. Market conditions change rapidly, and strategies are for reference only. Use proper stop-loss and take-profit measures. #Gate13周年现场直击 $BTC