Coin Circle Li Ying: Key resistance break at 4.17, is Bitcoin expected to open up a new round of upside space? Latest market analysis and trading suggestions
Dear friends! The current price of Bitcoin is 78000, within a strong rising channel on the 2-hour timeframe. The upper Bollinger Band has broken through 77852, with the price running closely along the upper band, indicating a strong bullish sentiment in the short term, and there is no sign of overbought pullback, suggesting that momentum continues. The MACD indicator’s double lines DIF and DEA are diverging after a golden cross above the zero axis, with the histogram continuously expanding, indicating that bullish energy is accelerating. There are no signs of a top divergence. The MA7 and MA30 are in a bullish arrangement, and the price remains above all moving averages, further confirming an upward medium-term trend. From the perspective of volume-price combination, the recent rise has been accompanied by moderate volume, not a speculative increase, and the technical condition is relatively healthy.

Although the price is approaching the previous high of 78052, it has not formed an effective breakthrough; this position serves as both psychological and technical resistance, which may trigger a short-term profit-taking. The key support level below is at 77489, the middle Bollinger band, and 76311. If the price retraces to this area, it can be seen as a healthy correction, beneficial for subsequent upward movement. Although the MACD is strong, its slope is flattening, suggesting that there may be a slight pullback demand in the short term to digest the rapid increase. In addition, although the RSI indicator is not overbought, it approaches above 70, necessitating caution against short-term overheating risk. The overall structure still belongs to a rising continuation pattern, with no signs of breakdown or double top, and the bullish dominant pattern remains unchanged.
Short-term trading strategies (Li Ying's unique teaching, accurately targeting the market)
Long strategy: 77300-77800, target 78500 aiming for 79200, stop loss 76800
Short strategy: Short-term resistance at 78500, stop loss 78800, target 77200 aiming for 76800
Li Ying's message: The coin circle is not lacking in opportunities, what is lacking is the eye to see through the essence and the hands to execute strictly. Stabilizing one's mindset is crucial to making it to the end with a smile!
Risk warning: The above analysis by Li Ying is based on real-time market conditions and data, for reference only, and does not constitute investment advice. Trading risks are borne by the trader.

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