$BTC $ETH After the surge, what will the main players choose: is it to build a base here and continue accumulating, or to take profit by cashing out at the high?
At the moment, the overall market is pulling back, and many retail investors are again trying to guess the top and short. In the afternoon, Bitcoin surged to 79603, and Ethereum touched 2449. From 62600, this round’s one-week rally has climbed nearly 17,000 points. The current pullback is only a normal consolidation during an uptrend.
On the hourly chart, there is still no top-formation pattern. The uptrend support line remains intact. The pullback from the high made a bearish candle, but it did not engulf the previous bullish candle. For the short term, the reasonable pullback range looks to be 73000–74500. Strong support is at 71000–69000. As long as that level is not broken, the bullish trend remains unchanged. For any shorting, you need to wait for a clear reversal signal.
On the daily chart, price is standing above the 74200 resistance level. We need to observe whether the close confirms it. If there are three consecutive daily candles holding above this position, it can open the larger range of 74000–82800. Only when 82800 is firmly held can we confirm that a new bull market cycle has begun.
In terms of trading, follow the trend and focus on going long on dips. The market is extremely volatile—control your position size strictly and set your stop-loss properly.
Buy BTC at 76500, target 79000–80000.
Buy ETH at 2350, target 2450–2550.
#现货黄金创五月中旬以来新高 #比特币创2023年3月来最佳周表现
At the moment, the overall market is pulling back, and many retail investors are again trying to guess the top and short. In the afternoon, Bitcoin surged to 79603, and Ethereum touched 2449. From 62600, this round’s one-week rally has climbed nearly 17,000 points. The current pullback is only a normal consolidation during an uptrend.
On the hourly chart, there is still no top-formation pattern. The uptrend support line remains intact. The pullback from the high made a bearish candle, but it did not engulf the previous bullish candle. For the short term, the reasonable pullback range looks to be 73000–74500. Strong support is at 71000–69000. As long as that level is not broken, the bullish trend remains unchanged. For any shorting, you need to wait for a clear reversal signal.
On the daily chart, price is standing above the 74200 resistance level. We need to observe whether the close confirms it. If there are three consecutive daily candles holding above this position, it can open the larger range of 74000–82800. Only when 82800 is firmly held can we confirm that a new bull market cycle has begun.
In terms of trading, follow the trend and focus on going long on dips. The market is extremely volatile—control your position size strictly and set your stop-loss properly.
Buy BTC at 76500, target 79000–80000.
Buy ETH at 2350, target 2450–2550.
#现货黄金创五月中旬以来新高 #比特币创2023年3月来最佳周表现