The trend has pulled back, so where will it continue to rise next?!
At the beginning of the week, the market opened with gains, which clearly signals us; the highs are continuously refreshed, and the support levels below are also steadily rising.
With the bullish momentum driven by yesterday's strong candlestick, from midnight until this morning, the upward momentum has not stopped, interspersed with pullbacks to organize and correct a bit, and the retracement space is quite reasonable. Right now, the price is firmly standing above 78000, continuing to organize and correct, all this is gathering strength for the upcoming rise.
The moving average indicators are also trending upwards; now the daily chart has been consecutively showing bullish candles, creating a strong one-sided upward trend.
In a bull market, they say "do not call the top"; this saying is quite reliable right now. Overall, the big direction is still bullish. Although the bulls have paused a bit after the volume increase in certain areas, this is just temporary, and the market still has the potential to continue pushing upward.
The previous rise and rapid pullback were also anticipated by the market, and as long as the starting point of the Asian session is broken, it will be difficult to see a decline afterward.
Therefore, the outlook for the future market is still primarily bullish.
Trading Suggestions:
BTC (Bitcoin): Go long in the 81000 area, with target prices between 83000 and 85000.
ETH (Ethereum): Go long in the 3100 area, with target prices between 3400 and 3600.
