Cryptocurrency Circle Mr. Coin: 10.30 Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin broke through and moved strongly upward, with a short-term price increase of more than three thousand points during the day, reaching around 73660 at its peak, where upward momentum came to a pause. Although there was some upward movement from the high opening price during the day, the historical high has not yet been surpassed, and currently, it is in a slight pullback entering a high-level consolidation. If the 72000 level cannot be broken down for an extended period, there is a possibility for further gains.
On the daily chart, a large bullish candle closed yesterday, opening up the gap of the upper Bollinger Band. Bullish sentiment is warming up, and currently, the market is still leaning towards the upside. However, supply is insufficient afterward, and there is pressure near the 73660 level, with prices adjusting around the 72350 position, but the overall direction remains unchanged. The short-term trend is in a corrective adjustment, and a stable intra-day operation is still recommended to buy on dips. If new highs are broken, light positions can be chosen to catch short-term profits.
10.30 Bitcoin Short-term Reference:
Long Position: Buy in the 71600-72000 range, stop loss at 70300, take profit at 73000 above,
Short Position: Sell in the 74500-75000 range, target below 62700, stop loss at 76000.
10.30 Ethereum Short-term Reference:
Long Position: Sell in the 2541-2500 range, stop loss at 2400, take profit at 26500 above,
Short Position to watch in the 2740-2780 range, stop loss at 50 points, target below 2560,
Messages may be delayed; strategy suggestions are for reference only. The market changes rapidly. Regardless of how confident you are in market judgments, always manage take profit and stop loss properly to secure gains. $BTC $ETH
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