The hourly chart shows back-and-forth consolidation and refinement. After the earlier pullback to a lower low, capital has flowed back in again, and the market has resumed its upward probing.
In the short term, there is still momentum to continue pushing higher. This moment is not necessarily the end of this round of the move, and there remains an opportunity for further upside. However, in a choppy market, price won’t rise straight up in one direction; the process will involve repeated tug-of-war. The rhythm is far more important than the direction.
BTC, go long around 78200, targeting 80000$BTC $ETH
In the short term, there is still momentum to continue pushing higher. This moment is not necessarily the end of this round of the move, and there remains an opportunity for further upside. However, in a choppy market, price won’t rise straight up in one direction; the process will involve repeated tug-of-war. The rhythm is far more important than the direction.
BTC, go long around 78200, targeting 80000$BTC $ETH
