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Today, the market seems to be holding back for a big move. The trading approach has shifted from previously high-altitude positions to now more long positions at lower levels. If we look at the weekly chart, this wave is likely to go above 75,000.
Many retail investors are shouting that the bull market is returning, but has the bull really come back?
Since the bottom at 59,800 on February 6th this year, the rebound wave has not been very obvious. Now, looking at the weekly chart, we can already see some signs, and the upper channel has opened up. This rebound is unlikely to reach 80,000; at most, it will hit the resistance around 78,000, then fall back to the 0.618 Fibonacci retracement level, which is around 67,500-69,000. Once the price stabilizes at 72,000, it will gradually approach the 75,000-77,000 range. I will set up high-altitude strategies at various resistance points for everyone. Currently, our trading approach is mainly to start from long positions at lower levels.
Sometimes, we can't fully grasp the true intentions of the market makers, but the overall trend can be felt through changes in volume. If the bullish volume can continue like last night, reaching 75,000 will be quick. If the bullish volume ends here, the price will likely return to around 69,000. Be cautious when trading on your own recently to avoid getting caught. If you're trading my signals, stay updated on market movements; it's not acceptable to place an order and then not check your phone. The intentions of the market manipulators are constantly changing, but I will always support everyone by providing timely guidance on what to do and how to do it. The most important thing is that you stay alert to my messages. #加密市场上涨