Tuesday, June 10, 2025

The price of Bitcoin continues to show strong momentum, initiating a remarkable upward trend. The power of the bulls is advancing rapidly, continuously reclaiming lost ground. Alternating large and small bullish candles appear on the daily chart, steadily pushing the price higher. Even though there are occasional pullbacks, they are quickly resolved by the strong bulls, resulting in a solid and healthy overall upward trend. Driven by the strength of Bitcoin, Ethereum is also poised for a breakout. Based on the current trend, Bitcoin is on the verge of breaking its historical high.

Observing the 4-hour chart of Bitcoin, this upward movement is likely to mirror a similar pattern of rising and then pulling back. However, the overall trend remains positive, and the main strategy should focus on bullish positions, while also taking advantage of short-term short opportunities, but one must be quick to enter and exit, avoiding prolonged engagement. Each pullback serves to accumulate energy for a new round of increases; seizing the opportunity during pullbacks to position for the bulls will help better capture this rare market opportunity. #看懂K线