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The upward trend framework that started from the low of 57758 in this round of market is intact, with no trend breakout signal.
However, after the price surged to the stage high of 63990, it encountered significant resistance and pulled back. The MACD indicator shows a top divergence pattern. The evening market is likely to enter a high-level range consolidation, mainly digesting short-term selling pressure with minor pullbacks, and there is no condition for a unilateral sharp decline in the short term.
On the technical details, the DIF fast line is still steadily running above the DEA slow line, and the long-term bullish structure remains intact. Only the red bars are gradually narrowing, indicating a phased decline in short-term upward momentum, which is a technical adjustment during an uptrend, not a trend reversal.
Trading volume remains stable, with no signs of massive capital outflow. The bullish foundation remains solid. Combined with the continuous elevation of market lows, the medium-term upward logic is very solid. This pullback is merely a normal technical correction after a significant rally.
Go long on BTC near 61600-61000, target 63200-64000.
Go long on ETH near 1730-1700, target 1800-1850.
$BTC $ETH #现货黄金站上4200