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Today's market can be described as the most exciting day in recent times. It also aligns perfectly with our recent medium- to long-term bullish outlook. In the morning, Bitcoin was still hovering around 68,000, showing no clear direction, but in the afternoon, it started to rise slightly, testing 68,800. At that time, it looked like just a normal rebound, but in the evening, it suddenly exploded upward—a large bullish candle shot up from around 69,000, breaking through the 70,000, 71,000, and 72,000 levels. As of now, it reached a high of approximately 73,473 before pulling back. Ethereum followed Bitcoin's trend, showing a one-sided upward movement during the day, rising nearly 200 points, with the highest reaching around 2,160 before facing resistance. Today, we maintained a bullish stance, entering multiple positions in the short term. Bitcoin gained 4,500 points today, while Ethereum gained 140 points. Looking back, the recent oscillations over the past two days were just a shakeout, clearing out the weak hands and liquidating leverage, then a big bullish candle took the lead and drove the price higher.
From a daily chart perspective, Bitcoin closed with a massive bullish candle today, breaking through the previous high resistance and setting a new recent high. The daily candlestick broke above the upper Bollinger Band, opening up more space for upward movement. The moving averages are arranged in a bullish divergence, which is a typical trend acceleration signal. The MACD lines formed a golden cross above zero and pointed upward, with bullish momentum bars continuing to expand. The upward structure on the daily level is very healthy. Multiple tests of the bottom in previous days have solidified the foundation, and today’s breakout is a natural result of accumulation, indicating that the trend has entered a new upward channel. On the four-hour chart, after the price started from a low of 67,350, it continuously formed large bullish candles, showing a stair-step upward trend. The short-term moving averages quickly crossed above the medium-term averages to form a golden cross, and the Bollinger Bands expanded significantly, which are characteristics of a strong, one-sided market. The MACD lines remain high above zero, with bullish momentum bars continuing to grow. Although there may be some technical pullbacks later, the overall upward trend has been established. Pullbacks are not a reversal but an opportunity for latecomers to enter. In the short term, watch for resistance around 74,300.
Bitcoin can be bought around 72,000-72,300, targeting near 74,300. Ethereum can be bought around 2,100-2,120, targeting near 2,200. $BTC $ETH #加密市场上涨