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Happy weekend, good morning!
The wind is picking up, will there be a reversal next week?
Based on the current 4-hour trend chart, after a round of washing up and down on Friday, the price is still running above the 70000 level. At the current pace, we can consider this a normal pullback within the channel, without destroying the uptrend. The moving averages maintain a bullish alignment with no death cross or downward turning.
From a K-line perspective, small positive candles have gradually formed, with price holding steady above 70500. Short-term downside momentum has been exhausted, and the upper rail of the rising channel continues to extend upward. If price breaks through the recent small platform resistance, it will launch another attack towards the 74000 previous high!
Operational Suggestions: Pullbacks are layout opportunities
Short-term fluctuations do not change the medium-term uptrend. The current price level is in the lower-middle section of the rising channel, belonging to a low-risk layout interval. Wait patiently for volume breakthrough of the small platform, then follow the trend. The bull market main line is clear, and after completing the accumulation phase, it is expected to create new stage highs.
68000-69000 long-term layout at bottom!
Intraday short-term oscillations involve long-short games within the range
I will provide tips when entering positions. The above ideas are only personal views
Specific layout situation should be based on actual conditions!#比特币站上七万美元 #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 $BTC
The wind is picking up, will next week start to reverse direction?
Based on the current 4-hour chart trend, after a round of ups and downs washing on Friday, the price is still running above the 70,000 level. Based on the current momentum, we can consider this as a normal pullback within the channel, which has not yet destroyed the uptrend. The moving averages maintain a bullish alignment with no death cross or downward turning points appearing.
From the K-line perspective, small bullish candles are gradually forming. The price has stabilized above 70,500, short-term downside momentum is exhausted, and the upper rail of the rising channel continues to extend upward. If price breaks through the recent small platform resistance, it will launch another attack towards the 74,000 previous high!
Operation suggestions: pullbacks are layout opportunities
Short-term fluctuations do not change the medium-term uptrend. The current price level is in the lower-middle part of the rising channel, which is a low-risk layout zone. Patiently wait for volume breakout of the small platform, then you can follow the trend. The bullish main line is clear, and after accumulation is complete, there is potential to create new stage highs.
68,000-69,000 for long-term bullish layout!
Intraday short-term multi-empty game within the range
I will provide reminders when entering positions. The above analysis is only my personal view
Actual layout situations should still be based on reality! #比特币站上七万美元 #Gate Square AI Evaluation Officer #Gate February Derivatives Market Share Hits New High $BTC