The big pie lives up to expectations, continuing to rise👆
Long-term upward trend established: Since April, BTC has been in an ascending channel, consistently creating higher highs and higher lows. The breakthrough on July 10 is a continuation of this upward trend, with the daily close above the high, showing that bullish strength dominates in the long-term trend.
Since the beginning of July, its price has repeatedly tested the range of $105,000 - $112,000, with market volatility significantly decreasing and daily fluctuations narrowing to around $1,500.
Currently, the big pie is in a 'guiding wedge' structure, which usually indicates that the consolidation phase may be a washout stage, aiming to accumulate strength for the subsequent main upward wave. This summer is expected to open a new round of rising market, with target levels looking towards $120,000 - $122,000.
The 4-hour level candlestick presents a large bullish breakthrough pattern, with the closing price above the previous resistance level, and the last candlestick closing as a bullish line. The MACD histogram continues to expand and maintain positive values, indicating that bullish momentum shows no signs of exhaustion; although the KDJ indicator is in a neutral range, it has not shown a top divergence signal, leaving space for further upside. #BTC#BTC再创新高 #$BTC