5.2 Evening Analysis


The short-term moving average strongly crosses above the long-term moving average to form a golden cross, establishing a bullish arrangement. The current price remains firmly above the double moving averages, with the moving average system turning upward in sync, building a layered support line, and bullish momentum continues to be sustained.

DIF and DEA double lines rise in sync, with bullish red volume bars full and continuing to expand, trend momentum shows no signs of weakening, and the high tacit understanding between volume and price provides ongoing energy for the bullish trend.

💰 Market support
The main force placed a massive buy order exceeding $37.89 million as a bottom support, signaling clear large capital entry to defend the market, further solidifying the bottom and safeguarding the bullish trend.

Overall, the 4-hour cycle technical bullish structure resonates, combined with strong main capital support, making the overall bullish pattern very solid. Focus on whether the breakout of the Bollinger upper band pressure is effective, and rely on the dense area of moving averages and the middle Bollinger band support below. Of course, the current position is not suitable for chasing longs, which is of little significance. Personally, I suggest mainly short-term trading, waiting around 78,900-79,600 to go long again. If it breaks above 80,000, I recommend re-entering around 81,400. #BTC #ETH #BTC走势分析
BTC0.34%
ETH0.42%
View Original
post-image
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
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin