#BTC☀

《Trend Changes — Current Market Analysis》

Bitcoin has broken through again, the overall market sentiment may be ignited. Looking at the 4-hour chart, Bitcoin's trend is steadily rising like a staircase, and this type of candlestick is also known as an acceleration line. It will accelerate during the upward process and will accelerate during the downward process.

We prepared for today's rebound last week and replenished our positions before the market started. We are currently in a profitable state. The Bitcoin trend seems to have support around 87500 and resistance at the 90000 mark, showing a fluctuating upward trend.

With Ethereum following Bitcoin's lead, it has kept up with the rhythm, breaking through the key resistance near 2010, and now it has stabilized near the 2050 support. The pattern has also changed, with resistance around 2220.

In addition, on-chain funds are relatively active, and the overall market has reached a new starting point. Most cryptocurrencies have seen a pullback after Bitcoin's rise. Following this trend, there will soon be a new round of advances.

Hold onto your chips, but don’t be greedy. It's too early to call a market reversal; it can only be considered a rebound for now. Gradually taking profits as we reach target positions is a better approach. The market is unpredictable, and any changes will be updated in subsequent posts. Keep an eye on Takco.


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