BTC has strongly broken through its historical high. Is it consolidating at a high level or continuing to surge? We let the data speak.
First of all, from the daily level, BTC is firmly holding above the support at 122200, and the MACD continues to expand, confirming the integrity of the medium-term bullish pattern. The only pressure above is to create a new historical high, but it has now broken through, officially confirming the start of a new round of main upward wave.
Secondly, from the 4-hour short-term perspective, a very positive signal has appeared on the chart. The MACD bearish momentum continues to shrink and shows a tendency to form a golden cross. This usually means that the short-term selling pressure has been exhausted and buying strength is starting to regain dominance. The MA7 moving average is the first checkpoint to verify this signal. If it holds here, there is hope to test upwards again. Today's strategy focuses on buying low #币圈 .
Intraday trading suggestions: Buy near 120900-121500 for short-term, target above 125000. #Gate热门新币推荐 #十月加密市场预测
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GateUser-e56dabd4
· 10-05 11:30
BTC has strongly broken through its historical high. Is it in a consolidation phase at a high level, or will it continue to surge? Let's speak with data.
First, from a daily chart perspective, BTC is firmly holding above the support at 122200, and the MACD continues to show higher trade volumes, confirming the integrity of the medium-term long positions pattern. The only pressure above is to create a historical high, but it has now been surpassed, officially confirming the start of a new main rise.
Secondly, from a 4-hour short-term perspective, there is a very positive signal appearing on the chart. The MACD bearish momentum continues to shrink and shows a tendency to form a golden cross pattern. This usually indicates that the short-term selling pressure has been exhausted, and buying power is beginning to take over. The MA7 moving average is the first checkpoint to validate this signal. If it holds here, it is expected to attempt another upward move. Today's strategy is primarily focused on low long positions #币圈#.
Intraday trading suggestion:
Go long around 120900-121500 with a target above 125000.
#Gate热门新币推荐##十月加密市场预测#
BTC has strongly broken through its historical high. Is it consolidating at a high level or continuing to surge? We let the data speak.
First of all, from the daily level, BTC is firmly holding above the support at 122200, and the MACD continues to expand, confirming the integrity of the medium-term bullish pattern. The only pressure above is to create a new historical high, but it has now broken through, officially confirming the start of a new round of main upward wave.
Secondly, from the 4-hour short-term perspective, a very positive signal has appeared on the chart. The MACD bearish momentum continues to shrink and shows a tendency to form a golden cross. This usually means that the short-term selling pressure has been exhausted and buying strength is starting to regain dominance. The MA7 moving average is the first checkpoint to verify this signal. If it holds here, there is hope to test upwards again. Today's strategy focuses on buying low #币圈 .
Intraday trading suggestions:
Buy near 120900-121500 for short-term, target above 125000.
#Gate热门新币推荐 #十月加密市场预测