From a technical perspective, let's analyze the current market situation for bitcoin:native and ethereum:native
Overall strategy summed up in two words: Go long and wait.
1. $BTC 's daily chart is still in a consolidation zone after the uptrend, without a breakout
This consolidation has multiple interpretations
It can be seen as a sideways range or as a triangular convergence (Figure 1
Currently, I view it as a continuation of the oscillating range between 87,500-82,500
And it's positioned in the middle of the 85,000 zone
This isn't a sufficiently clear trend—not recommended for trading.
My own long position at 83,000 has already been closed after profit pullback, waiting for new opportunities
2. $ETH is much clearer than BTC—the chart shows a fairly standard triangular convergence, and it's at the tail end of the convergence (Figure 2
Waiting for the convergence result to emerge before chasing in is the more prudent approach
Personally, I lean toward a higher probability of an upward breakout
Once it closes steadily above 2,720, I'll attempt to chase this trend on a smaller timeframe
The recent market has indeed been grinding—hoping for a satisfying long trending segment to appear after the consolidation ends 🥲
Overall strategy summed up in two words: Go long and wait.
1. $BTC 's daily chart is still in a consolidation zone after the uptrend, without a breakout
This consolidation has multiple interpretations
It can be seen as a sideways range or as a triangular convergence (Figure 1
Currently, I view it as a continuation of the oscillating range between 87,500-82,500
And it's positioned in the middle of the 85,000 zone
This isn't a sufficiently clear trend—not recommended for trading.
My own long position at 83,000 has already been closed after profit pullback, waiting for new opportunities
2. $ETH is much clearer than BTC—the chart shows a fairly standard triangular convergence, and it's at the tail end of the convergence (Figure 2
Waiting for the convergence result to emerge before chasing in is the more prudent approach
Personally, I lean toward a higher probability of an upward breakout
Once it closes steadily above 2,720, I'll attempt to chase this trend on a smaller timeframe
The recent market has indeed been grinding—hoping for a satisfying long trending segment to appear after the consolidation ends 🥲
