Positive news keeps coming in, the bullish pattern is taking shape—80,000 is still out of reach.

Positive news is still fermenting, and the nightmare for the bears has struck again. The new high was broken decisively in the afternoon. Big Cake surged to a high of 784, and Small Cake also broke through 2400 again. Today’s early shorts were ruthlessly crushed.

At present, with bullish sentiment driving it, the bulls are once again strongly pushing the market higher, causing the main structure to begin strengthening. On the daily chart, there are three consecutive bullish candles moving upward; the Bollinger Bands spread upward. The sub-chart and all indicators also turn upward. On the four-hour chart, after support at the earlier low around 650 was tested, price has kept rising. Even when there is a slight pullback, it is strongly suppressed by the bulls. Meanwhile, the upward channel remains in good shape, and the overall trend stays bullish.

So in such an environment, coupled with constant positive news, there are signs that further upside will continue in the future. Therefore, in the face of the trend, simply follow the trend.

In the future, watch the strength of the pullback. If the pullback does not break below 765, there are many opportunities to refer to in the nearby area. If the pullback is a bit stronger—around 750—the target is 800. If it breaks, you can continue looking upward. (At high levels, consider short-term pullbacks.) $BTC $ETH