Looking directly at the market, I am clearly leaning bullish.



The price quickly recovered after dropping to 79,715, which was a quick dip; the decline was not stable, and the support below was very strong. Subsequent lows kept getting higher, steadily oscillating upward, now back above 81,000, stabilizing within the previous consolidation range.

As long as it doesn't fall back down, it’s likely to test the previous high of 81,656; once broken, the bullish space will further open up.

I do not recommend chasing the rally; I prefer to wait for a pullback to the 80,800-81,000 support zone for stabilization before going long, with a stop loss below 79,700.
If there is a volume breakout above the previous high, I will wait for a pullback to confirm before adding to my position, never blindly chasing highs.

Pay close attention to the key level at 79,700: if it doesn’t break, continue holding long; once it effectively breaks down, exit decisively without holding the position. $BTC $ETH
BTC1.98%
ETH0.61%
View Original
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