btc

Today’s market trend can be summarized as a continuous upward movement. Bitcoin initially consolidated at high levels in the morning, then gradually broke through the 70,000 level before facing resistance and pulling back. After a second dip to around 69,500, it surged again, breaking through the key resistance at 70,800. After the US stock market opened in the evening and retreated to around 69,000 to find support, it then rallied sharply. Currently, the market has risen to around 71,800. Ethereum continued to recover its price throughout the day, breaking through key resistance levels and now trading near 2,080. Today’s trading has been very fruitful for us. We adhere to the principle of riding the trend; dips are opportunities for long positions. Today, we set up four long positions on Bitcoin and Ethereum each, capturing a total profit of 6,200 points on Bitcoin and 185 points on Ethereum. We also provided timely entry signals at suitable retracement levels during each pullback. Missing out on such a strong market would be a shame. Opportunities favor those who are prepared, and if you keep missing them, how can you grow and strengthen your position?

From the daily chart perspective, Bitcoin has closed two consecutive large bullish candles, completely erasing the previous declines and forming a bottom reversal pattern. The daily candlestick has re-entered the middle band of the Bollinger Bands, and the moving averages are beginning to turn upward, signaling a clear trend reversal. Although the key level at 74,000 has not yet been touched, the trend has already shifted to a bullish phase. Continued volume expansion and testing of the breakout are only a matter of time. On the four-hour chart, Bitcoin is currently in an upward trend extension after breaking out, maintaining a pattern of small bearish candles within bullish candles, with prices staying near the upper Bollinger Band. The moving average structure has also opened up, showing a bullish tone. The pattern shows higher highs and higher lows, maintaining a strong bullish setup. After a pullback to test support levels in the evening, the price continued to break lower, establishing a clear support structure. The outlook remains bullish, and we will continue to adopt an upward bias.

Bitcoin can be bought around 70,500-71,000, with a target of 72,400 and a continuation towards 74,000 if broken. Ethereum can be bought around 2,050, with a target near 2,150. $BTC $ETH