The daily chart turned bullish again, with the price directly breaking through the prior resistance level and setting a new high for this current uptrend.


Don’t panic about the long period of sideways consolidation before—this is all the main force washing the market and accumulating positions before the ramp-up. Once the consolidation ends, the bullish market starts as expected.

The upward trend on the larger timeframe is very clear: the price is steadily climbing along the moving averages, and short-term bullish momentum is continuously strengthening. Now the price has a slight pullback under the previous high point—this is only a short-term profit-taking adjustment and won’t lead to a big drop. There’s still plenty of room for further upside.

The mid-Bollinger band together with the breakout/launch point of this move forms dual strong support. As long as the price holds above the mid band, in terms of trading, staying mainly with going long on pullbacks remains the priority. As the bullish trend continues to advance, the support at the bottom will become more solid, and the uptrend will be even more reliable.

BTC: On the pullback to 648-644, enter long positions; look toward 658, 663
ETH: In the 1865-1880 range, go long on the low; targets 1920, 1950#ETH突破1900美元 $BTC $ETH
BTC-0.45%
ETH1.17%
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