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Built up through the night—are we about to see a big move? You can see the coin price started a strong rally from the evening 64,200 low, surged to the 65,700 phase high, and after hitting high-level resistance it began to come under pressure and fall, entering a narrow-range consolidation and recovery market. During this pullback, the coin price did not show a deep drop; overall it has been ranging and trading above the 65,000 level. The focus on the order book remains in a high-range consolidation, digesting the high-level sell pressure from the earlier run-up—this is a consolidation move while the price is rising.
The daily candle turns bullish again; the coin price has successfully broken above the upper resistance and surged to refresh the phase high. The earlier long period of range trading was accumulation for the upswing—after the consolidation ends, the bull rally starts as scheduled. The uptrend on the larger time frame is clear: the coin price is moving steadily and one-directionally upward along the moving averages, while on the shorter time frame the bullish momentum strengthens in parallel. The current price is consolidating under pressure near the prior high area, and in the short term there won’t be a deep pullback—there is still room for the rebound rally to continue. The middle Bollinger Band and the breakout low point form the key support “watershed.” As long as the price holds above the middle band, the idea of buying on pullbacks remains unchanged. With the bullish move continuing to push forward, the strength of support will keep increasing, and the bullish trend will be further confirmed.
BTC 64,500-65,000 range long Target 67,000
ETH 1880-1900 range long Target 1980#GUSD年化升至3.8% $BTC