Analysis of Bitcoin (BTC) price trends. If the price of BTC continues to set new historical highs, there may be a possibility of a pullback adjustment. However, based on the current market situation, the extent of the pullback is unlikely to be too severe. It is worth noting that once entering a blank area in technical analysis, conventional technical indicators may no longer have clear reference value.
In the current strong trend, there is still bearish liquidity above the price of 77400, which may indicate that the next extreme resistance level will be above this. For intraday trading strategies:
When the price pulls back to the range of 74800 to 75000, it may be considered to establish a long position. However, a stop-loss point should be set; if the price falls below 74200, the long position should be immediately closed to control risk. On the other hand, when the price reaches or breaks through the range of 77700 to 78000, it may be considered to open a short position. But similarly, a stop-loss point needs to be set; if the price breaks above 78600, the short position should be immediately closed.
