BTC long position reap big profits, still holding longs around 62,600 as well. I’ve held them for several days, too, but over these days Gua Ge has kept urging me to firmly hold the long positions and wait for takeoff. And in the short term, the price successfully broke through the downward channel on the smaller timeframe. After grinding like this for so long, it finally broke upward—basically matching what I predicted. So get ready for takeoff. In this wave, I’ll continue to look for 68,000.
From the current chart structure, the price has already completed the breakout, and the smaller timeframe has been continuously rising. The resistance line took a whole day to break upward. Once it breaks upward, it basically has to restore the uptrend again. On the smaller timeframe, at most it will pull back to test the upper edge of the channel. As long as it doesn’t drop back down to 68,000, it won’t take long before it reaches 68,000.
From the current chart structure, the price has already completed the breakout, and the smaller timeframe has been continuously rising. The resistance line took a whole day to break upward. Once it breaks upward, it basically has to restore the uptrend again. On the smaller timeframe, at most it will pull back to test the upper edge of the channel. As long as it doesn’t drop back down to 68,000, it won’t take long before it reaches 68,000.