1. After BTC broke through the high from 21 years ago last year, it underwent about six months of adjustment, and then it surged all the way up to nearly 110,000.
2. From the weekly chart, we can see that the adjustment to 74,500 is exactly the middle position of a wave's 0.5 and 0.618, and it is also near the previous high's resistance level.
3. A direct rise near the resistance level completed the conversion of resistance to support, and we expect bullish momentum going forward.
In summary, based on the weekly chart analysis, the overall trend remains predominantly bullish. Friends holding spot positions should not worry at all; no matter how much it fluctuates, you just stay put and wait to cash out at a high position.
The high point of this weekly level is around 133000
木木沐霖
--
$BTC 4 Hour Chart:
#ETH突破2500 #策略交易 #BTC交易
1. A surge to around 105000 at 7 AM, followed by a quick drop
2. This wave that rose from over 70,000 has basically come to a halt here
3. First, watch around 102000; if it breaks below 102000, there will be an accelerated downward process, at which point opportunities for long positions can be sought based on the situation
4. The time point for the daily line pullback has arrived; next week will be a pullback and consolidation market
Overall assessment, the bullish mindset remains unchanged, but the pullback market can also be engaged
BTC Weekly Trend: Bullish (for details, please see the pinned post on the homepage)
BTC Daily Trend: Watch for Pullback (for details, please see the pinned post on the homepage)
1. A surge to around 105000 at 7 AM, followed by a quick drop
2. This wave that rose from over 70,000 has basically come to a halt here
3. First, watch around 102000; if it breaks below 102000, there will be an accelerated downward process, at which point opportunities for long positions can be sought based on the situation
4. The time point for the daily line pullback has arrived; next week will be a pullback and consolidation market
Overall assessment, the bullish mindset remains unchanged, but the pullback market can also be engaged
BTC Weekly Trend: Bullish (for details, please see the pinned post on the homepage)
BTC Daily Trend: Watch for Pullback (for details, please see the pinned post on the homepage)
1. Yesterday there was a large bullish candlestick. Those who had the courage to hold long positions before the rise are commendable. Let's be like them next time.
2. It feels like there isn't much to analyze in the current market; even a dog knows that the price is definitely going to rise.
3. To put it simply, my personal opinion is that after rising to around 105500, there will be a pullback. This time it will definitely be a pullback, and both the 4-hour and daily charts are in place.
4. The pullback won't be too deep. If you want to trade, consider going short with a light position, and make sure to set a stop-loss. It's best to wait until the pullback is in place before opening long positions for stability.
Overall assessment: After a slight pullback, I continue to be bullish.
$BTC Weekly Trend: Bullish (for details, please see the pinned post on the homepage)
BTC Daily Trend: Bullish (for details, please see the pinned post on the homepage)
1. Basically reached the 99500 we've been talking about for the last two days.
2. Although it has risen to a certain extent, it is still not suitable for medium to long-term short positions; a small short position can be tried out for the short term, but be sure to set a stop loss.
3. Once the 99500 level cannot hold back a strong bullish candlestick, the possibility of a pullback will be up for discussion.
4. The daily chart feels like it's gathering strength for an upward attack; it's better to watch more and act less here. It's not too late to enter the market when there are clear signals for long or short positions.
Overall assessment, there are no good opportunities, wait.
BTC Weekly Trend: Bullish (for details, please check the pinned post on the homepage)
BTC Daily Trend: Bullish (for details, please check the pinned post on the homepage)
1. BTC has experienced a slight decline over the past three to four days, breaking below the upward trend line and the upward parallel channel, reaching a low near 93500, but it has not broken the previous low of 92900.
2. Minor fluctuations are still in adjustment, having formed a triangle pattern. Will it move up or down? We will know by midnight tonight or by 4 AM tomorrow.
3. If there is a breakout to the upside, it is highly likely to reach around 99500.
4. The daily upward trend is nearing its end, so be cautious of the risk of wide fluctuations.
Comprehensive assessment suggests that the 4-hour chart is likely to continue moving upward. A small short-term position can still be taken, but appropriate stop-loss measures must be in place, and be alert to the risk of market reversal.
BTC Weekly Trend: Bullish (for more details, please see the pinned post on the homepage)
BTC Daily Trend: Bullish (for more details, please see the pinned post on the homepage)
1. After a day of adjustment, the 4-hour line has reached the 95500-96000 area as we mentioned, and it appears to have received certain support.
2. If it holds, you can look for entry opportunities below 96000.
3. At the same time, it is about to approach the rising trend line, which is also a very good support point.
4. The 4-hour level is nearing the end of its upward trend; even if it rises to 97500, it is unlikely to stay there for long before quickly dropping back down.
In summary, for those looking to trade short-term trends, you can basically find opportunities to enter. For those looking to trade long-term trends, it may be wise to wait for a larger correction.
$BTC Weekly Trend: Bullish (Refer to the pinned post on the homepage) BTC Daily Trend: Bullish (Refer to the pinned post on the homepage) BTC 4-Hour Chart: 1. Last night's rise did not break through the upward parallel channel and started to pull back after touching the upper line 2. The volume and momentum of the rise are gradually shrinking 3. Observe the pullback situation, first watch 95500-96000 4. If it cannot hold, then look at the lower line of the upward channel and the trend line support situation #Crypto Market Rebound #Digital Asset Legislation #Bitcoin Strategic Reserve
1. Yesterday, a bullish candle broke the resistance level around 96000, continuing the previous upward trend.
2. Compared to the previous two waves of increase, both momentum and volume have weakened significantly, indicating a potential short-term peak.
3. Observe the ascending parallel channel (black line); if there is no strong breakout above the upper line of the parallel channel, we will first look for a pullback to the support level around 95500-96000.
4. Observe the lower line of the parallel channel and the trend line after this wave of increase.