If you want a real big rally, you still need news to stimulate it! Today's market pattern is a typical early stage of a bullish trend. The bullish trend has already shown initial signs, with several upward pushes during the daytime session. Bitcoin reached a high of around 78,180, and Ethereum around 2,157. Although there was a slight pullback and testing in the evening, it unfolded as a correction pattern, without any substantial continuation. This pattern is a normal correction phase under the bullish extension and does not affect the upward channel. Today's trading was relatively dull, with a late-night position opening Bitcoin long positions around 77,000. After a rebound in the afternoon as expected, a 1,100-point gain was achieved. The long positions opened in the afternoon are currently held near 77,100 after a normal evening adjustment.

The support at the bottom was further solidified after the evening dip, and the support level has risen to a new level. On the four-hour chart, after probing the middle line of the range, the market quickly extended upward. Although there was a minor downward break, it unfolded as a false break pattern, with strong support below. Bears have little room to act, and the middle line has formed a stabilization effect. Bullish candles continue to increase in volume. On the hourly chart, the bottom shows dense lower shadows, indicating the bullish market is gaining momentum again. The MACD indicator has turned positive with both lines moving upward, and the histogram is stepping into positive territory. The KDJ indicator has formed a golden cross and an upward trend, signaling a market breakout for bulls is inevitable. The outlook remains bullish moving forward.

Bitcoin around 77,000, target 78,500
Ethereum around 2,120, target 2,180
#TradFi交易分享挑战 $BTC