Yesterday morning, the market surged to test the 64000 level, then throughout the day it showed a weak oscillating and declining rhythm, with prices falling all the way down, retracing to the 61290 low in the evening. As subsequent positive news continued to be released and digested, buying pressure on the chart picked up again, leading to a strong rebound, and prices surged again to refresh near 64600. Yesterday we insisted on a bullish layout, and both Bitcoin and Ethereum reached their target points smoothly.



From the current chart, the daily level has formed a phased bottom pattern after the earlier bottoming, and the coin price has firmly stood above the middle band of the Bollinger Bands. The daily MACD bullish momentum continues to maintain. The larger cycle has transitioned from a previous downtrend to a consolidation pattern of bottoming and rebounding. The 4-hour candlestick lows are gradually rising, forming an oscillating upward wave pattern. The middle band of the 1-hour Bollinger Bands serves as the short-term bull-bear dividing line. Currently, the price is running above the middle band, indicating a strong short-term trend. For future operations, maintain the strategy of buying on dips and going long.
Bitcoin: Buy on pullback around 63000-62500, target 64300-65500
Ethereum: Buy on pullback around 1760-1730, target 1830-1900$BTC $ETH $IOST
BTC-0.15%
ETH-0.22%
IOST-1.05%
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BlueSevenCommunity
· 4h ago
Yesterday morning, the market surged to test the 64000 level, then showed a weak oscillating and declining rhythm throughout the day, with the price falling all the way down to an evening retracement to the low of 61290. As subsequent positive news continued to be released and digested, buying pressure on the chart reasserted itself, leading to a strong rebound, and the price surged again to refresh around 64600. Yesterday we adhered to a long-position strategy, and the target levels set for Bitcoin and Ethereum were successfully reached and fulfilled.

From the current chart perspective, the daily level has formed a phased bottom pattern after the previous bottom-finding, and the coin price has stabilized above the middle Bollinger Band. The daily MACD bullish momentum continues. The larger cycle has shifted from a previous downtrend to an oscillating pattern of bottoming and rebounding. The low points of the 4-hour candlesticks are gradually rising, forming a wave pattern of oscillating upward. The middle Bollinger Band of the 1-hour chart serves as the short-term bull-bear strength divide; currently, the price is operating above the middle band, indicating a relatively strong short-term trend. For future operations, maintain the strategy of going long on pullbacks.
Bitcoin pullback to around 63000-62500, go long, target 64300-65500.
Ethereum pullback to around 1760-1730, go long, target 1830-1900$BTC $ETH $IOST
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