2024-09-29 03:21:14

Currently, on the daily chart, the overall trend is still upward and the Bulls' enthusiasm continues fervently, with consecutive new highs emerging, which means there is almost no opportunity for Short positions and the price movement is mostly observed as a positive Bullish trend sequence. Therefore, following this clear trend would undoubtedly be a wise step for trading decisions.

When we switch to the 4-hour chart, this trend becomes more pronounced, the Bollinger bands are widening upwards, and the Candlestick appears in the form of a Bearish line retracement after breaking above the upper band, which is a retracement pattern commonly seen during an uptrend. In the short term, the pumping movement is quite strong, and the shape analysis still indicates that long positions are in control.
Operation proposal:
BTC65800-65500 batch multi, target 66500: ETH2690-2670 batch multi, target 2750. #BTC #ETH
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#Observers

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