During yesterday's European session and in the evening, the market showed a sharp upward trend, breaking through the resistance line all the way, and the historical peak was within reach. A large number of buyers entered the market, controlling the market trend, and the bulls were unprecedentedly strong. At the same time, the moving average spacing gradually expanded, and the moving average support level continued to increase, helping the currency price to climb. The current market is very easy to rise, and there is limited room for decline.
From a technical point of view, Bitcoin has gotten rid of the triangle consolidation trend, showing a wave of bottoming rebound on the 4-hour chart, and the technical pattern has been repaired. The K-line continues to maintain a stable upward trend above the short-term moving average. The bulls may have digested the excessive gains in the previous period over time. Therefore, we adjusted our strategy and intervened in the bulls when the range was not broken. It is expected that there is still room for rebound in the short-term trend.
BTC short-term: 70700–71000, target 72000-71500, defense back 800 points
ETH short-term: 3663-3650, target 3750-3820, defense back 40 points
The rhythm has reversed, there is no need to be stubborn and bearish, wait patiently for a breakthrough, regardless of whether the new or old players are not confident in the operation, Cang is a shrinking iron, if you want to join hands, come directly. #大盘走势 #Meme #sui #APT #WIF $BTC $ETH $BNB
