On the daily chart, the price is strongly above the 5/10/20-day moving averages, with a bullish moving average alignment, indicating a trend reversal. Breaking through the downtrend channel since February 9th, the bearish structure has been broken. With increased volume, breaking through the psychological level of 70,000, it has turned into a strong support.
Bitcoin: Around 72,000-71,500, possible rebound targets at 73,000-75,000 Altcoin: Around 2,100-2,080, possible rebound targets at 2,200-2,300 $BTC $ETH $SOL
If you'd like to know more about wave analysis, feel free to reach out. $BTC #加密市场上涨 $GT #比特币反弹
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TheManWalkingOnTheK-Line
· 4h ago
Wishing you great wealth in the Year of the Horse 🐴
Today's public thoughts:
On the daily chart, the price is strongly above the 5/10/20-day moving averages, with a bullish moving average alignment, indicating a trend reversal.
Breaking through the downtrend channel since February 9th, the bearish structure has been broken.
With increased volume, breaking through the psychological level of 70,000, it has turned into a strong support.
Bitcoin: Around 72,000-71,500, possible rebound targets at 73,000-75,000
Altcoin: Around 2,100-2,080, possible rebound targets at 2,200-2,300
$BTC $ETH $SOL
If you'd like to know more about wave analysis, feel free to reach out.
$BTC #加密市场上涨
$GT #比特币反弹