It’s still early in the uptrend, because many bearish-market short-selling mindsets haven’t fully flipped yet. They all have the idea of topping out and shorting—but will the market really give you that kind of opportunity?
The weekly chart has closed with a big bullish candle, which is an effective breakout. This week, the uptrend will continue and push higher; the bulls are still strong. Last week, I already said that August will rise, and September will continue to rise.
The support at 75,000 is solid. Yesterday it didn’t break below 80,000, so a pullback and repair is also normal. The low was reached at 78,500.
As for the big-picture trend, we still look for upside. As Bitcoin approaches the end of the month, it will once again test the range of 81,000–82,800, and for “two bing” it’s 2,700–2,800. It’s only a matter of time.
In the cycle of bull and bear, the market is what shapes the path forward. Only by respecting the market and following the trend can you go far steadily.
$BTC #ZEC broke through a key resistance, up 75.5%
The weekly chart has closed with a big bullish candle, which is an effective breakout. This week, the uptrend will continue and push higher; the bulls are still strong. Last week, I already said that August will rise, and September will continue to rise.
The support at 75,000 is solid. Yesterday it didn’t break below 80,000, so a pullback and repair is also normal. The low was reached at 78,500.
As for the big-picture trend, we still look for upside. As Bitcoin approaches the end of the month, it will once again test the range of 81,000–82,800, and for “two bing” it’s 2,700–2,800. It’s only a matter of time.
In the cycle of bull and bear, the market is what shapes the path forward. Only by respecting the market and following the trend can you go far steadily.
$BTC #ZEC broke through a key resistance, up 75.5%
