Bitcoin Market Analysis
The market has been quite interesting these past few days. It seems like the price isn't going up, but then we wake up to find it has risen overnight. During the day, there are pullbacks, and at night, it goes up again, followed by another daytime pullback. This back-and-forth movement is reminiscent of the market trends from late April to early May, giving the impression that it won't rise, but ultimately, a big bullish candle appears.
From a weekly perspective, the current trend of Bitcoin is very similar to the one from last October to December, with consecutive bullish candles pushing through all moving average resistance. Currently, its MACD has formed a golden cross above zero. After a short-term adjustment and consolidation, Bitcoin is likely to initiate a new upward attack in the next week or two.
Intraday Trading Plan:
The M stocks are strengthening and still have room to rise. Before any bearish signals are formed, the long positions established at 103500 yesterday should continue to be held patiently. If the price touches below 103000, consider adding to the position, with a stop-loss at 101000.
