10 AM Bitcoin Market Analysis

Unrealized gains are not profits; taking profits is real. This morning, Bitcoin pulled back to touch the middle band then surged upward, currently breaking through the upper Bollinger Band resistance and approaching the 64000 resistance level. Ethereum, on the other hand, pulled back to the lower band and began to rally, breaking through the middle and upper band resistance, directly rising from 1735 to around 1780, a gain of nearly 50 points. Technically, the Bollinger Bands are continuously expanding, the middle band is moving upward, and the bullish channel is intact. On the 4-hour timeframe, Bitcoin has directly surged from the middle band to near the upper band, with the midline price firmly above the middle band, continuing the bullish trend. If it breaks through the 64000 resistance during the day, it will further open upside space, with potential to test the previous high resistance at 64691. If it fails to break below, it will retrace and consolidate again. This morning, I took a long position with a friend, and took profit at around 63800, securing over 800 points. Market prices are volatile, so taking profits is the priority.$BTC $ETH