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How to say, the previous idea was also clearly explained, the support below is relatively solid, based on the bullish momentum at that time, and there was no sign of a breakthrough all at once, so from morning to afternoon, everyone was advised to watch for a rebound, even providing specific levels. But so what? There are too many external disturbances, opinions are divided, everyone has their own reasons, and in the end, it instead disrupted the already insecure mindset, leading to a vicious cycle. Now, from the lowest point to above 80,000, there is nearly a thousand points of space, and it’s appropriate to reduce positions and take profits.
Bitcoin started a slight rebound in the afternoon, rising from below 80,000 to above. On the hourly chart, three bullish cannon formations appeared, indicating that the bulls still hold the advantage moving forward. From the Bollinger Bands, the bulls are also rushing forward, from the lower band to the upper band, which led to divergence signals later on. So, tonight, follow the trend and continue to look upward.
Bitcoin is above 79,800, aiming for 81,500.
Ethereum is above 2,275, aiming for 2,350.