Crypto Zhongliang: Retracement means more, BTC bullish outlook remains unchanged!

CN
1 hour ago

The entire market is waiting for the interest rate decision to be announced at 2 AM on Thursday. A rate hike seems certain, but which and how many times remains uncertain. Then at 2:30, the Federal Reserve Chairman will speak, which has become the biggest uncertainty. The market has been oscillating in a range lately; it is said that if it is wide horizontally, it will be long vertically, and we are just waiting for these to break the deadlock!

There is no doubt that the recent low-long positions have been profitable, whether it is BTC rising over 77,000 or ETH reaching low around 2,500, profits can be made. Currently, the strategy remains unchanged: as long as we don't break below 75,000, the bullish structure is good, so we focus on low-long positions. Similarly, if we haven't stabilized above 80,000, we cannot break the range and cannot chase higher! Small pullbacks allow for short-long positions, while larger retracements can yield significant profits with low-long positions!

In the hourly chart, BTC prices are pushing upwards against the upper band; both KDJ and RSI are turning upwards, and MACD is showing a bullish crossover with increased volume. The 4-hour chart shows the same trend, and after the upper Bollinger band has flattened out, there are slight upward opening signs. Bullish momentum is strong, focusing on low-long positions during midnight!

The support below still focuses on 77,000-76,000, which serves as the position for low-long entries, and for rebounds, we pay attention to resistance at 78,000-79,000-80,000.

For ETH, the support below focuses on 2,480 and 2,440; low-long positions should participate around here, and for rebounds, we pay attention to resistance at 2,520 and 2,580 as well as 2,660.

The market has never allowed chasing after it has rebounded! For those holding long positions, if you can hold, reduce your holdings in batches; if you cannot hold and have no long positions, then you can only wait patiently for a dip, wait for the retracement to give you an opportunity to enter. Be clear, it is about low-long positions, not chasing higher! The market has provided many opportunities to enter, and Zhongliang has repeatedly reminded; what remains is everyone's own responsibility! For more real-time market analysis and guidance, follow the public account: Zhongliang BN

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