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Bitcoin rose over 5% on Tuesday, reaching a daily high of 76,120, successfully reclaiming the key support area of 75,000 — which is the intersection of the 100-day exponential moving average and the simple moving average.
If the daily close remains above the 75,000 moving average area, it will confirm the breakout of the ascending triangle, with a measured target of 89,050, about 18% higher than the current price.
The daily RSI has risen from the oversold area of 15 on February 6 to 63, indicating that the downward momentum has weakened.
In terms of trading strategy, adhere to a low-risk