CrazyEarnUu
vip

The trend of Bitcoin this week has already been evident at the beginning of the week. As we enter the middle of the week, its accelerating upward momentum becomes more apparent. It is crucial to hold the low level during this process, and breaking through the high level is the key focus. We need to maintain the rhythm and gradually achieve upward spatial switching.



In the short term, the extent of Bitcoin's decline is quite limited, and the current one-sided trend is still within the expected range. Originally, it was envisaged to first retrace to around 100,000 before going long, which would have been a more perfect structure, but now the retracement is limited, and the possibility of a direct breakthrough of 110,000 US dollars is constantly increasing. In a strong market, not making deep adjustments, the smaller the adjustment, the more it can push the price further up. If there is no opportunity for a retracement, it is actually more beneficial to the bulls.

Although the market trend is not determined by us, the trading strategy is in our hands. Currently in an upward trend, any short-term pullback is a rare opportunity to buy in. As for the bullish view on Bitcoin, there is no need to say more. We have always firmly adhered to the strategy of low long, and the long-term persistence has yielded significant results. At this critical moment, it is essential to maintain the rhythm and continue to stand firm.

In terms of Ethereum, the upward trend is obvious. After confirming the direction, the next step is to grasp the positions and time cycles. When the price retraces to the range of 3200-3150, it is advisable to go long boldly, with a target of 3500-3700! #BTC# #ETH#
View Original
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.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)