Bitcoin's surge has reached the take-profit point for long positions at 2600 points. Short-term support is expected to lead to further gains!
The market for Bitcoin has seen a direct surge, with the highest point reaching near 31000. The trend remains firmly bullish, and the expected surge has materialized. It's important to grasp the current trend, with long positions entering near 28400 and waiting for a breakthrough in the subsequent market. A 2600-point increase has been achieved, and following the trend is key. In terms of the current short-term trend, the four-hour trend shows a gap between the main candle and the current MA5. Short-term adjustments are needed to fill the gap and open up the subsequent market range. A short-term retracement support is also necessary before continuing the bullish trend. The support below is around 29800-30000. Short-term oscillations can allow for short positions above 30700 to take advantage of the retracement, while holding the support below can lead to long positions for a rebound, maintaining the current range and following the long-term trend.
As for Ethereum, after the surge, the four-hour trend is consolidating near the 1700 resistance. In the short term, there is a gap between the main candle and the main K-line, indicating potential for a retracement. After oscillations, a subsequent breakthrough and surge are expected. The current resistance remains strong, and short-term consolidation and support are needed before opening up the subsequent market range. Short-term support is around 1650-1640, and short positions can be taken at 1685 for a retracement, while holding the support below and waiting for market consolidation and accumulation before looking for a subsequent breakthrough.
(Please note that due to the time-sensitive nature of this article, the information provided is for reference only.)
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