$BTC 【Bitcoin hourly uptrend channel lower rail effective support; will likely test the 81000-84000 range again】
Yesterday we talked about watching the hourly uptrend channel lower rail support. Last night it did not break down; it received effective support and moved upward. So at this point, it may continue to push up into the 81000-84000 range.
This also matches what I’ve been saying earlier: it’s possible to see a false breakout of the previous high at 82800, then into the 83000-84000 range, and afterward a deeper pullback to 73000-75000, before continuing higher in a bull market. (See Charts 1.2 below.)
Therefore, in terms of execution: for short-term spot positions, conservatively exit near the upper rail around 82000-82500, then look to be bearish in the 83000-84000 range, and wait for a later pullback to enter again. For long-term spot, there’s no need to worry.
$ETH $SOL
Yesterday we talked about watching the hourly uptrend channel lower rail support. Last night it did not break down; it received effective support and moved upward. So at this point, it may continue to push up into the 81000-84000 range.
This also matches what I’ve been saying earlier: it’s possible to see a false breakout of the previous high at 82800, then into the 83000-84000 range, and afterward a deeper pullback to 73000-75000, before continuing higher in a bull market. (See Charts 1.2 below.)
Therefore, in terms of execution: for short-term spot positions, conservatively exit near the upper rail around 82000-82500, then look to be bearish in the 83000-84000 range, and wait for a later pullback to enter again. For long-term spot, there’s no need to worry.
$ETH $SOL
