Song Xiqing: The pullback in the early session is purely a correction; a bullish push to higher levels in the future is to be expected



Based on the current overall view of the market, the trend is still continuing the broader uptrend. The range keeps breaking upward. The highest point from last night to this early morning reached around 82850. There has been a pullback in the early session today, but the big-picture trend remains unchanged. In terms of execution, keep to the mindset of buying the dips.

From the 4-hour perspective, the Bollinger Bands show a breakthrough pattern and an upward breakout trend. Market volatility has become active again, and within the day it is expected to continue challenging the 83000-85000 zone. My real-time levels will also be updated in the market view.

Trading suggestions:

Bitcoin: Buy/adjust around 79000-81000. Place the stop loss at 78500. The target is around 82500-84000. For a breakout, look toward 85000.

ETH: Buy/adjust around 2280-2300. Place the stop loss below 2260. The target is around 2350-2380. For a breakout, look toward 2400.

Note:

The above analysis is Song Xiqing’s personal analysis. The market can change in an instant. This content is for reference only and does not constitute any investment advice!
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