Bitcoin is trading around $79,527, reaching the strong resistance at the upper band of the downtrend channel. Technically, it could be facing strong resistance, and we might see a technical correction below this zone; to determine this, we should patiently wait to see which direction the market takes.

If Bitcoin reaches the strong resistance at the 200 EMA, it could be a good signal to sell around $80,398; or, even if the upward momentum persists and it encounters strong resistance around the 6/8 Murray level, this could also be considered a good opportunity to take short positions, with targets at the 21 SMA around $77,600.

During Tuesday's US trading session, Bitcoin hit a low of $75,700 and has been rebounding since then; it is likely to face difficulties in its upward move beyond the 6/8 level, as the instrument faces several resistance zones that could keep Bitcoin under downward pressure.

We should monitor Bitcoin around $81,250; below this zone, there is strong downward pressure, and any sign of a pullback will be considered a sell signal.

Our trading plan for the coming hours is to buy BTC/USD above $77,600 with targets at about $81,250, or to sell around the 6/8 Murray level with targets at the 4/8 Murray level.