Dogecoin and Bitcoin’s market conditions are both currently very clear: Dogecoin is moving in a large-scale triangular consolidation, while Bitcoin is forming an inverse head-and-shoulders bottom pattern.


At the large scale, the trend is bearish; at the short-term scale, the trend is bullish. Still, I lean more toward going long. I believe the market has already bottomed out and is now in a reversal phase. Dogecoin and Bitcoin have both reached large-scale upward trend support lines from the past four years, and both have shown a response—so I conclude that this current bear market has already bottomed out.
Suggested plan for Dogecoin: go long along the lower edge of the triangle as it converges, or directly break above the triangle’s convergence point, then wait for a pullback and continue going long. Take profit and set a stop-loss, then keep updating.
Suggested plan for Bitcoin: continue going long after a successful breakout of the neckline, and if the pullback to 64,300 does not break. Take profit and set a stop-loss, then keep updating.
DOGE-1.09%
BTC-0.02%
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