$BTC Last night, Bitcoin broke out of its prolonged range-bound consolidation. The price found support at the key level of 82700 and stabilized before gaining momentum, rebounding from around 82700 and gradually climbing to test the 83000 threshold.
Before that, the market had been seesawing around 82700 for an extended period, with bulls and bears evenly matched. The 82700 level was the key support during this consolidation. As buyers continued to step in below, bullish momentum gradually built. The market ended its sideways accumulation and launched an upward move, successfully pushing the price to around 83000.
From a chart-structure perspective, this rise is a continuation of the bullish move following a shakeout during consolidation. The support at the bottom held firm, and positions changed hands sufficiently, paving the way for this upward breakout.
Morning recommendation: Bullish at 82000–82500, with a target of 83500
$ETH #以太坊突破2500USDT
Before that, the market had been seesawing around 82700 for an extended period, with bulls and bears evenly matched. The 82700 level was the key support during this consolidation. As buyers continued to step in below, bullish momentum gradually built. The market ended its sideways accumulation and launched an upward move, successfully pushing the price to around 83000.
From a chart-structure perspective, this rise is a continuation of the bullish move following a shakeout during consolidation. The support at the bottom held firm, and positions changed hands sufficiently, paving the way for this upward breakout.
Morning recommendation: Bullish at 82000–82500, with a target of 83500
$ETH #以太坊突破2500USDT