The Big Cake has been shaking for two to three days now. The earlier rapid surge up was too aggressive, and the market still needs a rest. From a technical perspective, this is a very classic pattern: after a big breakout surge, there’s sideways consolidation and repair. Actually, it’s also within expectations—after the surge, if there isn’t a deep pullback, that’s building up energy. Next, it still needs to keep pushing higher.
Looking at the past four hours: after the violent surge, the price touched the high at 87385, but it didn’t show a deep V-shaped reversal. That is exactly what I’ve been mentioning: sideways consolidation instead of dropping. After the surge, the price will form a platform for range-bound trading; once the consolidation is done, it will continue to open up upward space. The support at 85000 is still valid. In the recent few four-hour candlesticks, the price has repeatedly tested downward toward that area but was quickly pulled back, leaving long lower wicks. That spot shows strong buy-side demand and support—bulls are very willing to defend the market. As long as it doesn’t break below 85000, the bullish trend is still intact. The four-hour MACD is still operating in the high zone, staying above the zero line. Although the volume bars have slightly contracted, the fast and slow lines haven’t shown a significant downward move. So going forward, the main outlook is still bullish.
If BTC pulls back to 85000 without breaking, go long; target 86600
If ETH pulls back to 2715 without breaking, go long; target 2763$BTC $ETH $ZEC #比特币突破5月高点逼近8.6万美元 may break above 90000
Looking at the past four hours: after the violent surge, the price touched the high at 87385, but it didn’t show a deep V-shaped reversal. That is exactly what I’ve been mentioning: sideways consolidation instead of dropping. After the surge, the price will form a platform for range-bound trading; once the consolidation is done, it will continue to open up upward space. The support at 85000 is still valid. In the recent few four-hour candlesticks, the price has repeatedly tested downward toward that area but was quickly pulled back, leaving long lower wicks. That spot shows strong buy-side demand and support—bulls are very willing to defend the market. As long as it doesn’t break below 85000, the bullish trend is still intact. The four-hour MACD is still operating in the high zone, staying above the zero line. Although the volume bars have slightly contracted, the fast and slow lines haven’t shown a significant downward move. So going forward, the main outlook is still bullish.
If BTC pulls back to 85000 without breaking, go long; target 86600
If ETH pulls back to 2715 without breaking, go long; target 2763$BTC $ETH $ZEC #比特币突破5月高点逼近8.6万美元 may break above 90000