A familiar pattern: a slow rise followed by a sharp drop. But the breakout still lacks that final push to continue higher. After the morning sell-off, the market showed a very clear upward momentum. However, the move lacked overall follow-through and quickly came under pressure and pulled back again. Overall market liquidity is very strong. After the midday pullback, price returned to around 80,500 and began rising again, with market action entering a choppy base-range structure. The long entry I flagged this morning also came with a clear prompt to add to the position. For now, those already in long positions can simply continue to hold as usual.
Repeated tests of the base have continued to strengthen its support structure, while bullish momentum keeps building. On the four-hour chart, after touching the lower band, price has been printing consecutive lower wicks, and the base support is gradually taking shape. The market is now at a critical juncture in the shift between bullish and bearish momentum. The key question is whether the 80,000 level can hold as support. This is also the defensive line for our current swing-trade setup. If price breaks below this level, the market will likely see a sharp increase in volume and continue falling. So those who have followed the plan and entered long should make sure to defend this level.
BTC: Long near 80,800; targets: 82,600 and 83,500
ETH: Long near 2,350; targets: 2,410 and 2,460
#9月CPI来袭原油美债走势如何 $BTC #韩国拟收紧金融网络安全规定 $ETH
Repeated tests of the base have continued to strengthen its support structure, while bullish momentum keeps building. On the four-hour chart, after touching the lower band, price has been printing consecutive lower wicks, and the base support is gradually taking shape. The market is now at a critical juncture in the shift between bullish and bearish momentum. The key question is whether the 80,000 level can hold as support. This is also the defensive line for our current swing-trade setup. If price breaks below this level, the market will likely see a sharp increase in volume and continue falling. So those who have followed the plan and entered long should make sure to defend this level.
BTC: Long near 80,800; targets: 82,600 and 83,500
ETH: Long near 2,350; targets: 2,410 and 2,460
#9月CPI来袭原油美债走势如何 $BTC #韩国拟收紧金融网络安全规定 $ETH