Has Bitcoin reached its peak?

Yesterday, Bitcoin tested the 76,000 level and then retreated. Is it at its peak, or is it just a retreat and adjustment before breaking through? Prices cannot continuously rise, nor can they continually fall; overall, the market still maintains a state of fluctuating upward movement.

On the four-hour chart, yesterday's price was at peak testing, with three candlesticks forming a hanging man pattern above. Generally, when this occurs, there will be a retreat, so yesterday we saw the 76 level at most. However, the breadth indicators still show increased volume, leaning towards the upside. After a pullback and accumulation, prices will certainly reach new highs.

For today, it is recommended to look for bullishness around the 73,800-73,500 area, with a short-term target of breaking through the 76,000 level and then aiming for the 78,000 level.

Follow the official account, how to resolve worries, only Jiang Wei, a treasure analysis blogger full of emotional value, sharing trading education for free, bringing stable power and clear guidance in the restless trading market, having gone through three rounds of bull and bear markets and years of practical trading experience. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analysis, compiling unique insights.

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