If you can't beat them, join them. Follow the trend and be bullish, with a strong start in the first wave. A small gain of 700 points.
1. Overall Analysis
Recently, prices have maintained a strong upward trend, currently reaching around 103009.3.
In the short term, prices may face consolidation or short-term pullback pressure, but overall bullish momentum remains strong.
Suggestion: Investors holding long positions may consider taking some profits near the current price and observe whether there will be an effective breakout at the resistance level of 104305.3.
If prices continue to consolidate sideways, it is recommended to patiently wait for further breakout signals and to fully enhance risk management awareness to prevent potential pullbacks. Those who have not entered the market should be cautious about chasing highs and wait for a confirmation of a breakout followed by a pullback or a buying opportunity after a low support is formed.
2. Technical Analysis
Candlestick Pattern: Recently, a 'Dark Cloud Cover' pattern has appeared, suggesting that a pullback or consolidation may occur in the short term.
MACD: The DIF line is above the DEA line, and the momentum bars remain positive, indicating that the market is in an upward trend and buying power is increasing.
BOLL: The current price is approaching the upper Bollinger Band, showing strong market upward movement, which may lead to short-term consolidation or fluctuation.
3. Potential Buy and Sell Points
Long Position: 97865 USDT (close to the previous high support area, a rebound opportunity may form)
Long Stop Loss: 92848 USDT (if it falls below recent lows, it confirms that the trend may reverse)
Short Position: 104000 USDT (close to the historical high of 104305.3, with pullback risk)
Short Stop Loss: 104305 USDT (if it breaks above the previous high, it confirms that the upward trend continues)#BTC☀
1. Overall Analysis
Recently, prices have maintained a strong upward trend, currently reaching around 103009.3.
In the short term, prices may face consolidation or short-term pullback pressure, but overall bullish momentum remains strong.
Suggestion: Investors holding long positions may consider taking some profits near the current price and observe whether there will be an effective breakout at the resistance level of 104305.3.
If prices continue to consolidate sideways, it is recommended to patiently wait for further breakout signals and to fully enhance risk management awareness to prevent potential pullbacks. Those who have not entered the market should be cautious about chasing highs and wait for a confirmation of a breakout followed by a pullback or a buying opportunity after a low support is formed.
2. Technical Analysis
Candlestick Pattern: Recently, a 'Dark Cloud Cover' pattern has appeared, suggesting that a pullback or consolidation may occur in the short term.
MACD: The DIF line is above the DEA line, and the momentum bars remain positive, indicating that the market is in an upward trend and buying power is increasing.
BOLL: The current price is approaching the upper Bollinger Band, showing strong market upward movement, which may lead to short-term consolidation or fluctuation.
3. Potential Buy and Sell Points
Long Position: 97865 USDT (close to the previous high support area, a rebound opportunity may form)
Long Stop Loss: 92848 USDT (if it falls below recent lows, it confirms that the trend may reverse)
Short Position: 104000 USDT (close to the historical high of 104305.3, with pullback risk)
Short Stop Loss: 104305 USDT (if it breaks above the previous high, it confirms that the upward trend continues)#BTC☀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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