The price has once again broken above the previous high, back on track. Relying on the daily upper trend line, it can continue climbing higher; the upward channel has opened again. The bullish trend outlook remains unchanged. The retracement position for this leg of the rally can be seen near the weekly top-and-bottom replacement pressure around the 83,000 level. The weekly chart has already broken through the Bollinger middle band and pulled away by a considerable distance—so the bulls are, for now, still not something that can be stopped. The big-picture direction remains bullish. First, focus on the gains/losses around the 83,000 level: after a breakout, it should need to hold steady—at least then it should go to 85,000. As for ETH, first watch for 2,450; if it breaks through and holds, then chase longs up to 2,800. Trading advice: buy on dips.



In the evening, BTC can be long around 79,500-80,300, with a target near 83,000; ETH can be long around 2,330-2,350, with a target near 2,500.
BTC2.73%
ETH1.57%
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