Once again, we have a direct V-shaped reversal. Are all the B friends scared? What will the next step of the market be? Yesterday, the manager led the B friends to enter a long position at 103,600, and in the afternoon, he increased the position at 102,700. Many were very worried yesterday, but fortunately, the manager kept reminding everyone of the significance of the hourly trend line, encouraging everyone to hold onto the long positions, and also provided the long position target above 106,000. After a night’s sleep, over 3,000 points were gained again!
Let's look at today’s market. What will the next step be? First, we analyze the market based on moving averages. The MA120 and MA50 have already formed a golden cross, indicating that the subsequent market will be a stretching trend. The current market still prioritizes going long. Some may ask the manager if this is a head-and-shoulders pattern. If it were a head-and-shoulders pattern, it would not be completed in just one week. First, the time frame here is too short, and second, there is no distribution trend visible on the VR. Therefore, do not assume that this is a head-and-shoulders pattern.
In terms of MFI and CCI, MFI did not show a significant trend today, and CCI is still below 100. Therefore, the recent trend is characterized by continuous upward oscillation. We need to observe as the trend rises without looking back. If we confirm a bullish weekly closing this week, then at the weekly level, we can expect another wave of upward movement, making 110,000 the future bottom.
In summary, the main theme this week remains an upward oscillation. Before the upward trend arrives, it will eliminate the indecisive bulls. The cost-effectiveness of going long here is definitely superior to going short.$BTC $ETH $SOL #Strategy增持比特币 #GENIUS稳定币法案
