10.30 Market Analysis: Bitcoin Reaches New Highs, the Uptrend is Not Over Yet

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丁君羡
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21 days ago

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  BTC: The Bitcoin price reached a high of around 73600 early this morning, just 150 points away from its historical peak. Based on this trend, there may still be opportunities for a second surge in the future. On the daily chart, the moving averages are in a bullish arrangement, breaking through the previous downtrend, indicating a strong overall performance. Although this position is bullish, do not blindly chase the highs; the key resistance area is around 64000.

ETH: Ethereum has been slightly stronger today, mainly breaking through the previous triangular consolidation range. Additionally, Ethereum has not broken its previous high during this round of increase, so there is good potential for a rebound in the future. The minor resistance is around 2720.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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