The big one has finally come! Bitcoin hit a new high this morning! The department head has been calling for a bullish return to new highs for over half a month, and even if the department head's fans didn't go long, they can't be staring at their short positions every day, right?
Last night before going to bed, we tried a short position above 109,000. Initially, we only wanted to catch a drop to 107,000. The department head also provided a prediction in the group: one scenario was a relatively ideal drop from 109,000 to around 107,000 before starting to rise, and the other was a more frustrating false break below the hourly uptrend line to around 106,000 before starting to rise. In the second half of the night, the market chose the more frustrating option, dropping to 106,000 before starting to rise and hitting new highs.
So after hitting a new high, is this the top? The department head has already given everyone the conclusion here: if this week's weekly candle closes bullish, then the real big surge is just beginning, and 110,000 will be the future bottom. To all the bearish friends, let me ask you, are you scared?
Let's look at today's market. First, on the moving averages, we mentioned yesterday that after the MA50 and MA120 golden cross occurs, it will inevitably lead to a trend upward. Today, the coin price has completely broken through, and there is no sign of MA50 flattening yet, so it is likely that we will see a bullish candle moving forward.
In the MFI and CCI market, MFI still does not show a good trend, maintaining above 50 for quite some time. However, the CCI today has completely risen above 100, indicating that the upward trend is not over and more significant movements are yet to come. We are now waiting for MFI to consolidate, and the subsequent rise will continue! Additionally, we saw increased volume on the OBV again today, indicating that the upward trend is not over, so just wait patiently.
In summary, we are waiting for this week's weekly candle to close bullish. If it closes bullish, the real big surge is just beginning, and the big one is coming! Friends, be patient with your positions and wait patiently! $BTC $ETH $SOL #比特币突破11万美元 #BTC再创新高