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Saturday Big Cake trading idea: 77000-76500 go long with multiple targets, directly targeting 78500-80,000
Ether synchronization: 2420-2380 go long with multiple targets, directly targeting 2500
$BTC $ETH $RAVE
Yesterday, Big Cake broke the wide-range consolidation pattern and ushered in a one-way strong upward trend. The price started rising from the support level with increased volume, reaching the day’s highest touch at a key price level. It successfully broke through the previous key resistance, and the close held above an important level. The daily chart printed a large bullish candle, and trading volume also noticeably expanded. The market’s long-side sentiment fully rebounded, and the trend-based uptrend was established.
On the daily timeframe, the large bullish candle’s body broke above the prior consolidation range, while the short-term moving averages are in a bullish alignment. Bullish momentum keeps releasing, and the trend structure is strongly improving. On the 4-hour timeframe, the price is running along the upper band of the Bollinger Bands, and the upward channel remains intact. Although there is a need for a short-term technical correction, the pullback is limited. This is more like accumulating strength during the upswing and does not change the long-dominant pattern. In terms of execution, continue to firmly go long on dips.