After several rounds of consolidation on the four-hour level, the bullish trend has been confirmed! The price's low points are moving up in a staircase pattern, building a solid support base, laying the core foundation for an upward trend; the current strong surge accompanied by a simultaneous increase in volatility is a healthy signal of the continuous accumulation of bullish momentum, and the short-term pullback pressure has been significantly released.
A technical pullback within the day is by no means a reversal signal, but rather an efficient cleanup of floating chips in the market, which can further clear the obstacles to breaking through previous highs and accumulate upward momentum. Core operation: Anchor key support levels and lay out long positions in the direction of the trend, closely following the trend rhythm, and accurately grasp the considerable upward space brought by the continuation of the market.
BTC suggestion: around 86700-87200. Target around 89500, if it breaks above, look at 90000.
ETH suggests: around 2900-2920. The target is around 3050-3080.
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#Gate广场圣诞送温暖,就有机会赢 11.26 Morning BTC ETH market analysis
After several rounds of consolidation on the four-hour level, the bullish trend has been confirmed! The price's low points are moving up in a staircase pattern, building a solid support base, laying the core foundation for an upward trend; the current strong surge accompanied by a simultaneous increase in volatility is a healthy signal of the continuous accumulation of bullish momentum, and the short-term pullback pressure has been significantly released.
A technical pullback within the day is by no means a reversal signal, but rather an efficient cleanup of floating chips in the market, which can further clear the obstacles to breaking through previous highs and accumulate upward momentum. Core operation: Anchor key support levels and lay out long positions in the direction of the trend, closely following the trend rhythm, and accurately grasp the considerable upward space brought by the continuation of the market.
BTC suggestion: around 86700-87200.
Target around 89500, if it breaks above, look at 90000.
ETH suggests: around 2900-2920.
The target is around 3050-3080.