神悟-大表哥
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Bullish
Discuss the market,
BTC surged to around 97500 last night with increased volume, which happens to be the MA30 moving average resistance (the blue line in the chart). This moving average resistance has been validated multiple times before, so it's normal to see a pullback upon encountering resistance. However, it also broke through the bottom consolidation range, so a long position can be opened between 84800-85200 for a support retest after the breakout. The upper target is around 90000. If it falls back below 84500, it would indicate a failed breakout and further consolidation is needed.
ETH can also do a breakout retest, accumulating long positions in batches between 1960-2000 to aim for a pullback rebound, with an upper target around 2150. A stop loss below 1930 would indicate a failed breakout.
BTC surged to around 97500 last night with increased volume, which happens to be the MA30 moving average resistance (the blue line in the chart). This moving average resistance has been validated multiple times before, so it's normal to see a pullback upon encountering resistance. However, it also broke through the bottom consolidation range, so a long position can be opened between 84800-85200 for a support retest after the breakout. The upper target is around 90000. If it falls back below 84500, it would indicate a failed breakout and further consolidation is needed.
ETH can also do a breakout retest, accumulating long positions in batches between 1960-2000 to aim for a pullback rebound, with an upper target around 2150. A stop loss below 1930 would indicate a failed breakout.
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