5.2 Market Analysis:
Bitcoin has been rising sharply lately, with the price consistently oscillating at high levels on the daily chart. Although there was a pullback a few days ago, it did not damage the upward trend at all. This rebound is quite strong, with each low being higher than the previous one, and it may continue to rise further in the short term. From the 4-hour chart, the widening of the Bollinger Bands indicates sufficient upward momentum, and the middle band provides solid support. After the price broke through the upper band, the space above has opened up. After a quick rebound following a pullback to the middle band on the 1-hour level, the bulls are clearly dominant, and it might not be long before the previous high is broken.
Currently, this market is clearly dominated by bulls, and I think it’s a good opportunity to get in. Bitcoin can be considered for long positions in the range of 95700 to 96200, aiming for around 98500. For Ethereum, if you can buy between 1790 and 1820, aim for 1900. However, I would like to remind everyone that there have been quite a few people getting liquidated recently; although the trend is upward, the volatility is high, so be cautious with your entries.
For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, with an expected potential of over 10 times, which should not be a problem. Like and leave a comment to join me in navigating the entire bull market!
