Yesterday, Ethereum broke through the trend line during the day.
This morning, Bitcoin also broke through the trend line. Currently, the main resistance is the MA23 on the 3-day chart. The 5-day MACD has already reached the turning point and is trending upward with volume appearing. The weekly chart is also approaching the MACD turning point. After breaking through the resistance on the 3-day chart, the 5-day and weekly trends will resonate together. Currently, we cannot open short positions casually. The resistance on the 3-day chart appears unlikely to hold. From the 4-hour and daily perspectives, we are in a sustained uptrend. Currently, Bitcoin's strongest resistance is at 80000. Ethereum's strongest resistance is around 2550. If both of these levels can be broken through, it would break the major downtrend structure. The bull market would truly be back. Video analysis coming this afternoon.
Yesterday, Ethereum broke through the trend line during the day.
This morning, Bitcoin also broke through the trend line.
Currently, the main resistance is the MA23 on the 3-day chart.
The 5-day MACD has already reached the turning point and is trending upward with volume appearing.
The weekly chart is also approaching the MACD turning point.
After breaking through the resistance on the 3-day chart,
the 5-day and weekly trends will resonate together.
Currently, we cannot open short positions casually.
The resistance on the 3-day chart appears unlikely to hold.
From the 4-hour and daily perspectives,
we are in a sustained uptrend.
Currently,
Bitcoin's strongest resistance is at 80000.
Ethereum's strongest resistance is around 2550.
If both of these levels can be broken through,
it would break the major downtrend structure.
The bull market would truly be back.
Video analysis coming this afternoon.