Jiahao’s Monday Market Outlook
A new week is underway, and the market has once again entered a tug-of-war between bulls and bears. This kind of market can generally offer good short-term opportunities. If you’re still stuck in a rut, don’t lose heart—Jiahao’s recovery and comeback are only a matter of time.
From a technical perspective, the channel is expanding upward, with its upper boundary acting as short-term resistance. This has led to a short-term pullback, which is a healthy shakeout during an uptrend. The support zone below is clear and holding firm. Downward momentum on the retracement is weak, and prices quickly recover after dipping, reflecting solid buying support.
At this stage, prices are consolidating near the upper boundary of the channel as the market absorbs selling pressure. This is a strong consolidation pattern. If positions are sufficiently rotated at this level, the uptrend is likely to continue. For trading, consider waiting for a pullback to confirm support before entering in the direction of the trend, while maintaining a bullish outlook. Overall, market support remains strong, and there is potential for further upside.
Trading plan
Bitcoin: Go long around 82,800–83,500; target 84,500. If it breaks through, look toward 86,000.
Ethereum: Go long around 2,500–2,520; target 2,570. If it breaks through, look toward 2,600.
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A new week is underway, and the market has once again entered a tug-of-war between bulls and bears. This kind of market can generally offer good short-term opportunities. If you’re still stuck in a rut, don’t lose heart—Jiahao’s recovery and comeback are only a matter of time.
From a technical perspective, the channel is expanding upward, with its upper boundary acting as short-term resistance. This has led to a short-term pullback, which is a healthy shakeout during an uptrend. The support zone below is clear and holding firm. Downward momentum on the retracement is weak, and prices quickly recover after dipping, reflecting solid buying support.
At this stage, prices are consolidating near the upper boundary of the channel as the market absorbs selling pressure. This is a strong consolidation pattern. If positions are sufficiently rotated at this level, the uptrend is likely to continue. For trading, consider waiting for a pullback to confirm support before entering in the direction of the trend, while maintaining a bullish outlook. Overall, market support remains strong, and there is potential for further upside.
Trading plan
Bitcoin: Go long around 82,800–83,500; target 84,500. If it breaks through, look toward 86,000.
Ethereum: Go long around 2,500–2,520; target 2,570. If it breaks through, look toward 2,600.
#Ledger确认用户设备遭植入未授权硬件 #以太坊突破2500USDT $NVDAB $AAPLB