$BTC $ETH 10.19Next week's outlook for the big cake, where will the short position go?
This week, the big cake gave 62,500 more orders, 67,500 more orders, 67,100 more orders, and 67,500 more orders. There are release records that can be checked by yourself, giving a total of 5,500 points of profit space, which is pretty good overall. In the article last Monday, I clearly said that this week is expected to move closer to 70,000. Now the price has reached 69,000, and it is expected to break a new high next week.
The weekend market basically has no fluctuations, and this week's weekly K closed with a big positive. From the weekly K, the naked K currently has one Yin, one star, and one Yang, and has formed a high-level morning star pattern. Although the high-level morning star does not have a strong rebound strength like the bottom-level morning star, it can also give a good upward momentum. And the 5-day moving average crosses the 10-day, 20-day, and 30-day moving averages, forming a lotus emerging from the water. The MACD indicator fast and slow lines in the sub-chart have formed a golden cross and are still running above the zero axis. The RSI indicator three lines rose, and the value has reached 65, which has entered the 60 limit value of the bullish strong zone. If there is no particularly big breaking news next week, it should fall back and continue to break through the new high next week. From the perspective of naked K, it is expected to fall back to the 67000-66000 range next week and then rise again. If you have a friend who has set 67000-66000 this week, you can consider leaving the market when it falls back next week.
As for the current market, from the current 1-hour K line, the short-term bulls are still strong. The price has shown a step-by-step rise, and a clear rising channel has been formed. Various indicators also show a thriving situation. The weekend market is mostly volatile. Weekend operations are only to get an entry ticket for next week's market, so don't think that you can get a better market on the weekend. If the price fluctuates to around 68200 or 67800 during the weekend, you can consider entering long orders. As long as there is a pullback, you can consider entering long orders and wait for a surge next Monday.
Idea:
You can enter long orders around 68200 or 67800, with the target at 69400-69800, and 72000 if it breaks through.
