From a weekly chart perspective, the overall approach still doesn’t need major adjustments. The price action keeps following a strong consecutive bullish-days pattern. At this stage, the price is oscillating back and forth within the range. Placed in the context of the larger timeframe trend, this is essentially a correction-and-accumulation phase. Even if a pullback occurs, it doesn’t change the overall upward trend at all. Although the daily and smaller timeframes are seeing repeated oscillations, they still represent normal pullback corrections after a push higher. And the retracement lows are continuously rising, with the recovery speed relatively fast. Therefore, when the next dip comes, you can still follow through and buy the dip first; the short- and medium-term outlook for a continued rise remains unchanged.



  Trading Recommendations
  Buy the “big pizza” at the current price directly into it; target 79,500—80,000
  Buy the “also pretty” at the current price directly into it; target above 2,400
BTC0,79%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin