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Bitcoin Challenges the Upper Edge of the Downtrend Line
The daily line also turned into a nice bullish engulfing
#比特幣走勢分析 #BTC $BTC

Bitcoin breaks above 15-minute level convergence triangle
Will the next step be to challenge the upper edge of the hourly downward trend?

#比特幣走勢分析 $BTC

BTC has been falling for 4 consecutive days
After encountering this rising wave of 0.618, it rebounded accurately.
It means there should be enough support below
Currently I have made a small number of long orders
If you step back to 0.618 again and then rebound
There are quite large bullish expectations

-2024/5/24
After the Bitcoin spot ETF was listed on January 11 this year, after consolidating for about 2 to 4 weeks, it started a crazy rise and broke through the 21-year historical high in one fell swoop.
Just today, the Ethereum spot ETF has also been approved by the SEC. Although it is still some time before it is officially listed, the market is generally optimistic about the market outlook. It is still continuing to buy spot layouts in batches and carry out low-leverage currency standards. Multi-party operations.

After the launch of the Bitcoin Spot ETF on January 11 this year, it underwent a consolidation period of about 2 to 4 weeks, followed by a round of bullish growth, eventually surpassing the ATH (all time high) set in 2021.
Today, the Ethereum Spot ETF has also received approval from the SEC. Although it will take some time before it is officially listed, the market currently holds an optimistic outlook for the future. Investors continue to buy spot positions in batches and engage in low- leverage, coin-margined long operations.
$ETH $BTC

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