Jiahao’s Friday Market Thoughts Sharing
Yesterday’s “see-the-BTC” idea delivered again. The big pie (BTC) was given a 3,000-point upside room; Ethereum had a synchronized 140-point upside room. From last week through today, the market kept trending bullish all the way. The plan has largely played out. Currently, liquidity is also warming up. Brothers who are still stuck in the swamp, don’t be anxious—getting ashore has never been as difficult as you think.
The market continues to strengthen. Prices keep refreshing recent highs. From the current technical chart, on the BTC daily timeframe, all short-, mid-, and long-term moving averages have turned upward; it has formed a standard bullish alignment. The medium- and short-term trend has officially shifted into a bullish structure.
On the structure side, the lower 71,000–72,000 range has completed the resistance-to-support flip and has now become the core key support zone. For the next leg up, as long as we hold that support area during any pullback, the upward breakout in this round can be confirmed effective. The upper target is the 76,000 level. The daily Bollinger Bands are opening upward as well. Price is trading tightly along the upper band—this is a very clear sign of a strong market.
However, on the one-hour timeframe, the Bollinger Bands have started to show signs of closing. After a round of fast, aggressive rally, short-term indicators are in an overbought state, and the market has a need for technical correction/repair. Therefore, at this moment, it’s not recommended to chase longs directly at high levels. The trading mindset should still focus on buying on pullbacks toward support.
Trading plan:
BTC: Go long around 72,500–73,000. Target: 74,500. If it breaks out, continue looking toward 76,000.
ETH: Go long around 2,280–2,310. Target: 2,380. If it breaks out, continue looking toward 2,450.
ETH突破$2300#美国初请失业金人数降至20.6万 $NVDAB $AAPLB $BTC
Yesterday’s “see-the-BTC” idea delivered again. The big pie (BTC) was given a 3,000-point upside room; Ethereum had a synchronized 140-point upside room. From last week through today, the market kept trending bullish all the way. The plan has largely played out. Currently, liquidity is also warming up. Brothers who are still stuck in the swamp, don’t be anxious—getting ashore has never been as difficult as you think.
The market continues to strengthen. Prices keep refreshing recent highs. From the current technical chart, on the BTC daily timeframe, all short-, mid-, and long-term moving averages have turned upward; it has formed a standard bullish alignment. The medium- and short-term trend has officially shifted into a bullish structure.
On the structure side, the lower 71,000–72,000 range has completed the resistance-to-support flip and has now become the core key support zone. For the next leg up, as long as we hold that support area during any pullback, the upward breakout in this round can be confirmed effective. The upper target is the 76,000 level. The daily Bollinger Bands are opening upward as well. Price is trading tightly along the upper band—this is a very clear sign of a strong market.
However, on the one-hour timeframe, the Bollinger Bands have started to show signs of closing. After a round of fast, aggressive rally, short-term indicators are in an overbought state, and the market has a need for technical correction/repair. Therefore, at this moment, it’s not recommended to chase longs directly at high levels. The trading mindset should still focus on buying on pullbacks toward support.
Trading plan:
BTC: Go long around 72,500–73,000. Target: 74,500. If it breaks out, continue looking toward 76,000.
ETH: Go long around 2,280–2,310. Target: 2,380. If it breaks out, continue looking toward 2,450.
ETH突破$2300#美国初请失业金人数降至20.6万 $NVDAB $AAPLB $BTC
