Morning Thoughts


The weekly chart relies on small bullish candles to push higher, and it is still in a phase of slow upward movement at high levels, with no clear signs of a final surge with significant volume. However, as the Doutu energy continues to be released, a volume-driven surge to the upside may occur first, followed by a high-level pullback and correction. In the short term, it remains a slow rise, and a slow rise itself is a form of growth, so trading should mainly follow the trend and buy on dips, taking profits promptly after volume increases and not holding on to positions.
The daily chart closed with a bullish candle, further breaking above the 80,000 integer level, with continued strong bullish momentum. In the short term, the price is expanding upward within a consolidation, and from yesterday’s pattern of a spike in the Asian session, a pullback in the European session, and another rally in the U.S. session, the overall rhythm remains one of consolidation while rising. Usually, during this slow upward phase, there will be a quick top-volume surge, meaning that before a clear pullback pattern appears after a spike, it is still possible to follow the trend and buy on dips.

Rough Trading Suggestions
Bitcoin around 80,700–80,200, buy on dips, target around 82,500
Ethereum around 2,340–2,320, buy on dips, target around 2,400
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