8.25 continues its strong advance? Key weekly level: 8.25!
BTC
The resistance on the weekly (daily) chart is 8.25. As mentioned in the referenced article, this level has been cleared. From an objective structural perspective, it is indeed possible to call this a bullish comeback.
But my personal subjective view is still that I’m not optimistic this move can successfully hold above it~
Back to trading opportunities.
Since the sharp rally on Valentine’s Day, the message every day has been to buy, buy, buy on dips and pullbacks~
The breakout of the 7.55–7.96 consolidation range mentioned in last night’s livestream was a chance to go long with the trend. Those who entered can now move their defense up to 7.96 and continue holding for further upside. Likewise, those who already had long positions should move their defense upward.
Those with no positions who want to short are both taking a somewhat left-side approach. Either continue waiting to see whether a small consolidation range forms around 8.25 and enter after a breakdown, or wait for a drop back below 7.96 and take a short-term trade in the previous small consolidation range. For all short positions here, the defense (stop loss) is around 8.3. Because if 8.25 is successfully held, the daily trend will change, with 8.48 or so above~!
The supports below are 7.96/7.81/7.67/7.55, with the key 4-hour support at 7.4. Among these, pay attention to whether the 7.67–7.55 area presents an opportunity to enter long.
#BTC突破81000美元 $BTC
BTC
The resistance on the weekly (daily) chart is 8.25. As mentioned in the referenced article, this level has been cleared. From an objective structural perspective, it is indeed possible to call this a bullish comeback.
But my personal subjective view is still that I’m not optimistic this move can successfully hold above it~
Back to trading opportunities.
Since the sharp rally on Valentine’s Day, the message every day has been to buy, buy, buy on dips and pullbacks~
The breakout of the 7.55–7.96 consolidation range mentioned in last night’s livestream was a chance to go long with the trend. Those who entered can now move their defense up to 7.96 and continue holding for further upside. Likewise, those who already had long positions should move their defense upward.
Those with no positions who want to short are both taking a somewhat left-side approach. Either continue waiting to see whether a small consolidation range forms around 8.25 and enter after a breakdown, or wait for a drop back below 7.96 and take a short-term trade in the previous small consolidation range. For all short positions here, the defense (stop loss) is around 8.3. Because if 8.25 is successfully held, the daily trend will change, with 8.48 or so above~!
The supports below are 7.96/7.81/7.67/7.55, with the key 4-hour support at 7.4. Among these, pay attention to whether the 7.67–7.55 area presents an opportunity to enter long.
#BTC突破81000美元 $BTC
