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Empty positions watch the market surge and feel itchy to get in, but the moment you enter, it starts to pull back—like the market is specifically watching your position.
For today, Bitcoin first consolidates and moves upward. It keeps rallying from the low around 80,651, with the highest point reaching 82,828, then it meets resistance and falls back, trading and consolidating in the 81,143-81,854 range. As of the current quote of 81,468, the overall intraday trend shows a pattern of surge followed by pullback, followed by consolidation at a high level.
The four-hour Vegas channel is in an upward state, with the moving averages opening upward, indicating that the medium-term trend is still leaning bullish. The price is currently trading between the channel’s middle and upper bands, which is a normal pullback-and-correction within an ascending structure, not a trend reversal. Recently, the candlestick bodies have repeatedly recovered after testing lower levels: the lows have gradually risen from 74,868 to 80,651, showing that there is positive support underneath. As long as the price can hold near the middle band for consolidation, and there is no valid bearish breakdown by a fully bearish candlestick body, the upward structure will not be damaged. The next move is likely to be a time-for-space play—building up energy, and once that’s done, there is an expectation to continue testing higher levels around 82,828.
Bitcoin at around 81400 can be bought for a long; the target is 82400.
Ethereums at around 2352 can be bought for a long; the target is 23800 1928374656574839201$BTC $ETH