This wave of $BTC's big washout has finally reached its end. When it dropped to 114,700, both longs and shorts were almost wiped out. Looking back now, that was just a classic end of a washout. With the shift in rhythm, bulls are gradually taking over, and ETH is also taking off; the overall market sentiment is clearly warming up.
What I'm paying attention to is this slow climbing trend on the 1-hour level—there's not too much noise, no surprises, but it's rising particularly steadily and aggressively. Structures that push up with several consecutive medium bullish candles often have more sustainability than those that spike up suddenly. Right now, this position is consolidating at a high level, gathering strength. If it breaks through the 119,800 level with volume, a big bullish candle could ignite at any time.
At the same time, during this period, BNB has also violently surged and broken through to 850. The community had called for positioning around 680, and both targets have been reached; the next target looks to be 1000.
If you don't know how to operate in this market, you can follow me. I have ideas, you have execution capacity, and we have the position.