$BTC

Bitcoin breaks through the top of the range, is a rise imminent?

Bitcoin successfully broke through the top of the range around 95800 last night. If it can hold above 96, there is a high chance of the next wave of increase. Bitcoin has been heavily controlled these days, with no pullback at all; any slight pullback is immediately followed by a rise, leaving no opportunity for short sellers. It has broken through a key level, and losses must be accepted, otherwise what awaits is holding large orders. Bitcoin has broken through, but other mainstream coins remain slightly weaker, with some altcoins even declining.

Ethereum is currently still in the range of oscillation, with no solid candlestick breaking through. On the 4-hour level for Ethereum, MACD has shown divergence, so avoid chasing highs.