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BTC is currently consolidating around 74K, at the end of a typical ascending triangle pattern. This week is a crucial turning point that will determine whether it can break through the previous high resistance.
From a 4-hour chart perspective, the lows of the rebound since the 65-minute chart are consistently rising, and the current price is extremely close to the strong resistance level at the 75-minute chart. Bullish funds are continuously squeezing out bearish pressure. #OKX
At this point, it is difficult to break through the densely traded area by relying solely on in-market speculation. The key to victory still lies in the spillover effect of liquidity from the US stock market.
75K: Strong resistance breakout zone. A breakout is confirmed if the price holds above the 4-hour or daily chart with significant volume, indicating a vacuum zone with no selling pressure above.
74K: The current price is at the lower edge of the resistance level, and the risk-reward ratio is extremely poor. Do not blindly chase the price higher here due to FOMO.
72K: The first support level after encountering resistance and falling back, with the ultimate defense near the upward trend line of 70K-71K.
Based on this week's US stock market performance, if tech stocks maintain their strong upward trend, the spillover of macro liquidity will directly help BTC break through previous highs with increased volume; if US stocks experience a pullback at high levels, this could easily lead to a shakeout, retracing to the trend line to find bottom support and clear out profit-taking.
At this point, don't gamble on the direction, just take action: on the right side, patiently wait for confirmation of a breakout before going long; on the left side, wait for a pullback to the trend line without breaking it before buying on dips.

子棋(重生版)
@cloakmk
Thanks for the invite! There are so many events in Hong Kong, and this time I'll get to catch up with a bunch of friends!
Comrades, no matter how much we chat online, it's nothing compared to meeting up in person. Come on, let's get together and talk...
Thanks to @jiena_okx @.com/cloakm


I don't understand.
With good liquidity right now, even A-shares are rising.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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