BTC Afternoon Market Analysis
The price action is consolidating in a low range, building a solid support zone. The news flow has only caused temporary liquidity disturbances and hasn't altered the overall bullish structure. The short-term moving averages are gradually flattening out, signaling that the sideways action is nearing its end, gearing up for a breakout.
Current price is holding above the short-term moving averages, with bullish momentum continuing to warm up.
Entry Zone: 60450—60750, scale in on the long side.
Stop Loss: below 60350; if it breaks support, abandon the bullish outlook.
Take Profit in two tranches:
First target at 61250; upon reaching, reduce half of the position to lock in profits;
Second target at 61750; for the remaining position, continue to ride the upward momentum, as there is plenty of room for a rally.
#SK海力士拟赴美发行ADR #比特币跌破彩虹图下限 $BTC $NVDAB
The price action is consolidating in a low range, building a solid support zone. The news flow has only caused temporary liquidity disturbances and hasn't altered the overall bullish structure. The short-term moving averages are gradually flattening out, signaling that the sideways action is nearing its end, gearing up for a breakout.
Current price is holding above the short-term moving averages, with bullish momentum continuing to warm up.
Entry Zone: 60450—60750, scale in on the long side.
Stop Loss: below 60350; if it breaks support, abandon the bullish outlook.
Take Profit in two tranches:
First target at 61250; upon reaching, reduce half of the position to lock in profits;
Second target at 61750; for the remaining position, continue to ride the upward momentum, as there is plenty of room for a rally.
#SK海力士拟赴美发行ADR #比特币跌破彩虹图下限 $BTC $NVDAB