The Federal Reserve's interest rate hike has been fully digested, and the largest macro uncertainty in the market has been completely resolved. Combined with a moderately easing signal from overseas regulation, the market's risk appetite continues to warm up, with off-market incremental capital continuously flowing into the cryptocurrency circle. The previous low-level consolidation and repeated bottoming have completely ended, and the bullish trend has been fully established, leading to a persistent short squeeze and upward market trend.
Since the reversal from the bottom in this round of market, bullish momentum has been continuously sustained, constantly breaking previous highs and wiping out high-position short positions. The market has completely entered a strong bullish pattern dominated by low positions, with any retracement serving as a buildup for future power. Today, Bitcoin has violently surged to a new high, reaching around 87,300, followed by a technical pullback of nearly 2,000 points, with the current price oscillating around 85,400 for recovery.
Looking back at the entire rhythm of layout, this bullish market has been precisely timed: on the night of the rate hike, taking advantage of the extreme low of 75,000 and 76,000; during the weekend, again providing a buying opportunity at 80,500; yesterday, it was publicly emphasized that the high position of 85,000 should not be easily shorted, avoiding high-position short pitfalls perfectly, allowing everyone to safely secure bullish segment profits!
On the daily chart, a solid large bullish candle has formed, with the price firmly standing above the upper Bollinger band, showing a very strong bullish structure. Although KDJ and RSI have slightly turned downward at high levels, the MACD golden cross continues upward, and bullish volume is consistently expanding, with the long-term upward trend intact and no signals of a peak reversal.
The price on the 4-hour chart has slightly retreated below the upper Bollinger band, with KDJ and RSI turning downward at high levels, and the MACD bullish volume slightly decreasing, indicating a short-term need for pullback recovery.
On the hourly chart, the price is oscillating around the middle Bollinger band while the indicators are synchronously repairing weakly, suggesting there is still a little space for a retracement. However, this round has already pulled back nearly 2,000 points, and the downward momentum has been fully released, likely moving towards a consolidation instead of a downward trend. Shorting at this point is not advisable!
Currently, the overall trend remains bullish, with only short-term increases being too large. The indicators need time to recover. There is no need to be excessively aggressive; patiently wait for low support before adding bullish positions in line with the trend.
The current overall market structure is very clear: the strong continuation of a long-term bullish trend and technical pullback repair on a short-term basis.
The market has been rising steadily, and the bullish trend is undoubtedly clear. All pullbacks are adjustments during the upward process, not reversals downwards. High-level oscillation and slight pullbacks are all paving the way for a new round of breaking new highs. At this stage, it is crucial not to guess the top, not to short against the trend, and not to chase shorts.
The daily rhythm mainly focuses on low-position bullish setups and oscillation accumulation. There is ample time, so aggressive operations are unnecessary; instead, wait for low support to be established before gradually entering bullish positions. If no quality low positions are provided, patiently observe, and steadily align with the rhythm of the trend.
Daily precise operational strategy
BTC
Key support below: 84,500, 82,600 (gradual accumulation of low bullish positions)
Resistance above: 85,800, 87,000, 88,500
ETH
Key support below: 2,680, 2,620 (enter long positions upon stabilization)
Resistance above: 2,760, 2,850, 3,000
The biggest winners in trading are always those who follow the trend and hold steadfast! This round of bullish market has exhibited clear rhythm throughout, with a continuous trend of low-position bullish setups from the bottom. Each pullback is an opportunity to board, and each surge realizes profits. Currently, the large-scale bullish structure is intact, and the upward space is completely opened. Short-term pullbacks are merely technical repairs, so there is no need to panic or turn bearish.
For more real-time market explanations, follow the public account: Zhongliang BNN
Maintain a stable mindset, keep in step with the rhythm, do not chase rises, do not touch tops, do not go against the trend, and rely on key supports to lay out low bullish positioning. Patiently hold positions and wait for a new round of breaks and surges, securely capturing profits in this round of bull market's main upward wave, continuously reaping rewards!
⚠️ Warm reminder: The above is only a personal technical review thought and does not constitute any investment advice. The cryptocurrency market is volatile, with frequent high-level consolidations. It is essential to strictly control positions and set stop losses. Trade rationally and steadily.
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