# The market trends for both Dogecoin and Bitcoin are extremely clear right now. Dogecoin is moving through a large-scale triangular consolidation, while Bitcoin is forming an inverted head-and-shoulders bottom pattern.


On the higher timeframe, things are in a bearish phase; on the short-term timeframe, things are bullish. However, I’m more inclined to go long. I believe the market has already reached the bottom and is currently in a reversal phase. Both Dogecoin and Bitcoin have reached major upward trend support lines from the past nearly four years, and they have all been responding to those levels—so I conclude that this round of the bear market has already bottomed out.
For Dogecoin, consider going long along the lower side of the triangle during the convergence, or alternatively, go long directly after a breakout above the upper side of the triangle convergence, then wait for the pullback and continue going long. Take profit and set a stop-loss, then continue updating.
For Bitcoin, if it successfully breaks the neckline and, on the retest, holds at 64,300 without breaking, continue going long. Take profit and set a stop-loss, then continue updating.
DOGE0.60%
BTC0.09%
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