Whether the base is solid or not depends on whether today’s bulls can still stretch higher; the operation structure of the past two days is clear at a glance. After the bulls stretched up from the 64000 level on Monday, yesterday’s price action mainly moved sideways to consolidate and accumulate strength around this area. It first stationed itself and absorbed positions during the daytime, then stretched upward and rose during the evening. The operational structure from the past two days is also clearly visible. The overhead resistance remains, as always, around the 65000 line. After a small test during the evening, it again formed a pressure-rejection pullback. The midnight period also failed to achieve a breakout and continuation. This morning, we should keep an eye on whether price can break above.
It’s true that there are signs of a top forming in this round of stretching. But the technical feedback still leaves some room for continuation. For this kind of probing pattern, our plan should mainly be short-term trading. On the daily timeframe, the market has continued with consecutive bullish candles; after breaking upward through the midline, the candles keep extending higher, pushing to challenge the upper band. During this period, the price was also blocked by the 65000 line resistance, but overall the upward continuation is still intact. Looking at the MACD technical indicator, the dual-line “golden cross” pattern is steadily increasing with growing volume. The KDJ three-line synchronized golden cross is also continuing. The short-term bullish momentum is still being sustained and output consistently. On the hourly timeframe, the Bollinger Bands’ three lines are opening and rising in sync; after a brief pullback, support was found near the midline and then price quickly stretched higher again, showing strong bull continuation.
For the next stage, our positioning approach can be to follow the trend and go long around the hourly midline support.
BTC: Long in the 64500-64200 range, Target 65200
ETH: Long in the 1905-1890 range, Target 1950
#比特币永续合约资金费率创20个月新高 $BTC $ETH
It’s true that there are signs of a top forming in this round of stretching. But the technical feedback still leaves some room for continuation. For this kind of probing pattern, our plan should mainly be short-term trading. On the daily timeframe, the market has continued with consecutive bullish candles; after breaking upward through the midline, the candles keep extending higher, pushing to challenge the upper band. During this period, the price was also blocked by the 65000 line resistance, but overall the upward continuation is still intact. Looking at the MACD technical indicator, the dual-line “golden cross” pattern is steadily increasing with growing volume. The KDJ three-line synchronized golden cross is also continuing. The short-term bullish momentum is still being sustained and output consistently. On the hourly timeframe, the Bollinger Bands’ three lines are opening and rising in sync; after a brief pullback, support was found near the midline and then price quickly stretched higher again, showing strong bull continuation.
For the next stage, our positioning approach can be to follow the trend and go long around the hourly midline support.
BTC: Long in the 64500-64200 range, Target 65200
ETH: Long in the 1905-1890 range, Target 1950
#比特币永续合约资金费率创20个月新高 $BTC $ETH