$BTC
The big pancake accelerates directly, reaching the small target
This position is simply invincible, right? 🤭
$BTC
Discussing the market:
The big pie has basically reached a new high; looking back, it has actually been quite fast. The reason people don't feel excited is that there hasn't been a rapid breakthrough upward, just stuck at the edge of the resistance breakthrough. So, this position is quite interesting; upward could be the start of a new trending upward market, while downward could be the beginning of a new downward market.
However, from a technical perspective, it looks fine; the bullish trend remains. If it can break through 112000 and hold steady, then the upper target can be seen around 117000/125000. If it temporarily cannot break through, the recent support is around 110500; if this level holds, there won't be a significant pullback. If it breaks, then pay attention to the first pullback level around 109800.
Ethereum has been strong this time, with more catching up, aligning with expectations. It is recommended not to chase now; wait and see.
Discussing the market:
The big pie has basically reached a new high; looking back, it has actually been quite fast. The reason people don't feel excited is that there hasn't been a rapid breakthrough upward, just stuck at the edge of the resistance breakthrough. So, this position is quite interesting; upward could be the start of a new trending upward market, while downward could be the beginning of a new downward market.
However, from a technical perspective, it looks fine; the bullish trend remains. If it can break through 112000 and hold steady, then the upper target can be seen around 117000/125000. If it temporarily cannot break through, the recent support is around 110500; if this level holds, there won't be a significant pullback. If it breaks, then pay attention to the first pullback level around 109800.
Ethereum has been strong this time, with more catching up, aligning with expectations. It is recommended not to chase now; wait and see.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,295.18
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