On April 1st, note that this week will continue the trend to test near 74000, which is the point I have been emphasizing, the previous high will be broken again, this week is a better time node, the weekly line closed the hammer line after the doji, and continued to go higher last week, obviously, pull up, step back, and rush to a new high again
Looking back on this round of rise, as mentioned in the article before, in the bullish trend, the price pulls up to the upper rail, and the first time it steps back to the lower rail, it is basically a secondary structure that stays at the bottom, so there has always been a bullish expectation, and reminds the spot to enter the market near 60,000, when the price is completely on the middle track
This is the signal of the bulls' strength, the bulls prevail above the middle track, the market has turned from weak to strong, although it has been in the middle of the track above the box shock, but the longer the shock here, the longer the time to absorb chips, the greater the room for the later pull, unless the price breaks through and falls below 68000, then it will turn into a weak bottoming process
The small level is more obvious, 4 hours after the formation of the W bottom after the formation of the previous high 68000 breakout, the market framework change, the W bottom neckline is near 68500, so 685000-68000 is the most critical bullish support area, as long as above this level, do not look at the bears, is now in the right triangle finishing stage after the pull-up
The right-angled triangle in the bullish trend, generally speaking, is an upward breakout, a constantly rising low, and a horizontal suppression level, today's re-test of the previous high is blocked and stepped back, and the support and resistance tested many times are at risk of being broken, once the breakthrough will soon see the previous high
To sum up, BTC has the need to continue to rush up to 74000 this week, the key support below is at 68500-68000, above this level to see a new high, the small level of support is at 70200-70000, the ether is in the 3580-3560 area, the short-term can test the support intervention, and the medium and long-term can be bought in the most critical support
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On April 1st, note that this week will continue the trend to test near 74000, which is the point I have been emphasizing, the previous high will be broken again, this week is a better time node, the weekly line closed the hammer line after the doji, and continued to go higher last week, obviously, pull up, step back, and rush to a new high again
Looking back on this round of rise, as mentioned in the article before, in the bullish trend, the price pulls up to the upper rail, and the first time it steps back to the lower rail, it is basically a secondary structure that stays at the bottom, so there has always been a bullish expectation, and reminds the spot to enter the market near 60,000, when the price is completely on the middle track
This is the signal of the bulls' strength, the bulls prevail above the middle track, the market has turned from weak to strong, although it has been in the middle of the track above the box shock, but the longer the shock here, the longer the time to absorb chips, the greater the room for the later pull, unless the price breaks through and falls below 68000, then it will turn into a weak bottoming process
The small level is more obvious, 4 hours after the formation of the W bottom after the formation of the previous high 68000 breakout, the market framework change, the W bottom neckline is near 68500, so 685000-68000 is the most critical bullish support area, as long as above this level, do not look at the bears, is now in the right triangle finishing stage after the pull-up
The right-angled triangle in the bullish trend, generally speaking, is an upward breakout, a constantly rising low, and a horizontal suppression level, today's re-test of the previous high is blocked and stepped back, and the support and resistance tested many times are at risk of being broken, once the breakthrough will soon see the previous high
To sum up, BTC has the need to continue to rush up to 74000 this week, the key support below is at 68500-68000, above this level to see a new high, the small level of support is at 70200-70000, the ether is in the 3580-3560 area, the short-term can test the support intervention, and the medium and long-term can be bought in the most critical support