In the afternoon, BTC continued its strong trend, breaking through the previous consolidation platform, reaching a high of around 106500. From the current technical performance, the volume and price are in sync, with long positions' momentum continuously being released, laying a solid foundation for further upward attacks. Although there has been a pullback in the short-term ratio, the overall rhythm still maintains a consolidation pattern, with the key support level having moved up to around 105000, indicating that market buying support is solid. Since a strong pullback cannot be provided, the short-term dominance of long positions will continue to be maintained.
From the current trend, on the four-hour line, the three consecutive pullback candlesticks have not broken the middle track support, and then quickly formed a long lower shadow rebound candlestick, structurally reflecting the active intervention of bottom-fishing forces below. On the hourly line, the candlestick quickly recovered after a pullback to 105500, further indicating that buying activity is very active above 105000. In addition, the overall center of gravity of the current candlestick continues to rise, and there has been no appearance of a breaking bearish candlestick, forming a typical "platform consolidation + oscillation accumulation" structure. If there is a subsequent increase in volume with a bullish candlestick to break through 106500, it will open up further upward space to attack 107500. Buy BTC at 105500-105000, target around 107500; Buy Ethereum at 2540-2510, target around 2610 #BTC #ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In the afternoon, BTC continued its strong trend, breaking through the previous consolidation platform, reaching a high of around 106500. From the current technical performance, the volume and price are in sync, with long positions' momentum continuously being released, laying a solid foundation for further upward attacks. Although there has been a pullback in the short-term ratio, the overall rhythm still maintains a consolidation pattern, with the key support level having moved up to around 105000, indicating that market buying support is solid. Since a strong pullback cannot be provided, the short-term dominance of long positions will continue to be maintained.
From the current trend, on the four-hour line, the three consecutive pullback candlesticks have not broken the middle track support, and then quickly formed a long lower shadow rebound candlestick, structurally reflecting the active intervention of bottom-fishing forces below. On the hourly line, the candlestick quickly recovered after a pullback to 105500, further indicating that buying activity is very active above 105000. In addition, the overall center of gravity of the current candlestick continues to rise, and there has been no appearance of a breaking bearish candlestick, forming a typical "platform consolidation + oscillation accumulation" structure. If there is a subsequent increase in volume with a bullish candlestick to break through 106500, it will open up further upward space to attack 107500.
Buy BTC at 105500-105000, target around 107500; Buy Ethereum at 2540-2510, target around 2610 #BTC #ETH