Bitcoin's Latest Strategy Signals

11 hours ago

By observing the chart, we can see that the price rose from 75750 to 81000 points, and then adjusted slightly. After that, the price rose strongly to the 87700 support level. The price then began to trade within the pennant pattern, then broke through the 87700 level, and then tried to rise further, but failed, and traded between the levels for a while. Then BTC rebounded from the buyer's area and rose to the resistance line of the pennant pattern, and then immediately turned around and pulled back to the buyer's area. Next, the price traded in this area for a while, and then continued to rise within the pennant pattern. Soon, the price reached the support line of the pattern and continued to rise near the line, and after a while BTC rebounded from the line to the resistance line. Not long ago, the price turned around and adjusted slightly, and then recovered in a short time. Currently, the price is trading near the pennant resistance line. Therefore, I think BTC can fall to the support line and then rebound above the resistance line, thus exiting the pennant pattern. In addition, I expect the price to continue to rise, so I set the target price at 98K points.