Big Pie: Breaking through all-time highs and ushering in a bull market?
Yesterday, the market broke through from 68,500 to 72,800, and is currently quoted at 72,100. This breakout of all-time highs could signal a major bull market to come. Judging from the trend and weekly line, there has been no negative weekly line for the time being, showing a quite strong performance. There is no doubt about the bullish trend. Next, we can consider entering the market during a pullback without worrying too much about a sharp drop. If the market drops significantly, I will remind everyone in the core group. Judging from the 4-hour chart, a new round of rising channel has been opened. This wave of pie will rise by at least 100,000 US dollars, and it can continue to operate low and long along the MA30 moving average. According to the hourly trend, the current trend is also bullish. It is recommended to enter long orders near 69300. It is not recommended to grab the top, because the market is in the middle stage of the bull market and has not yet reached the end of the bull market, so there is no need to worry too much.
ETH: Trending upward, may it break through $5,000?
Ether is currently rising towards $4,000. From a morphological point of view, the trend is upward and the shape is good. Both the daily and weekly charts of Ether are showing signs of an upward trend. This wave of rise is likely to exceed US$5,000. The correction during the period is an opportunity to enter the market, or hold long orders with a low multiple. A major correction also provides entry opportunities for bulls. I believe that this time the market ether will lead the market to a bigger bull market. Therefore, it is recommended to go low near 3950. Those who already hold long orders can hold it. The upward target is $5,000.
