Buy the Dip: Bitcoin charging toward 85000!

Bitcoin has recently shown a clear upward trend, and each time it pulls back to test support, it continues to rise, indicating that market risk appetite is gradually recovering in the short term. Moreover, after touching above 81,000, it has returned to the upward channel it had previously established, and its upward intention is very obvious.

Based on the recent trend and characteristics of Bitcoin, Bitcoin will experience a brief pullback after a short-term rise, and will continue to rise after the pullback, maintaining an overall upward trend. Bitcoin is currently under pressure around 83,000 and has gradually retreated. I believe Bitcoin is likely to replicate its recent price action and continue rising after a pullback. As Bitcoin continues to rise, short-term support has moved up to the 80,000-78,000 range, followed by the 76,000-74,000 range.

Short-term technical support levels: 80000-78000 / 76000-74000
Short-term technical resistance levels: 83000-85000 / 88000-90000

Therefore, in terms of short-term trading, if Bitcoin retraces to the 80500-78500 range, I might consider going long on Bitcoin!