Thursday, bullish sentiment is strong, continue to look for a rise to the 100,000 level



Yesterday's PPI data exceeded expectations, and the US stock market also declined year-on-year. Bitcoin staged a stunning reversal, reaching a high of around 98,000 before pulling back under pressure. Bullish sentiment is strong, and we continue to look for a rise to the 100,000 level.

The daily chart shows consecutive green candles with a strong upward momentum. The upward continuation is quite strong, and it’s not the time to short yet. We will wait for this rebound to top out before shorting. I am more inclined to set long positions in the 10.0w-10.2w range for the long term, and look for short-term dips to buy within the day.

Bitcoin: Long in the 95800-96300 range, target 98500, aiming for 10w in the wave

Ethereum: Long in the 3285-3305 range, target 3420, aiming for 3500

A seasoned veteran of eight years, a witness to the cycles of bull and bear markets. Instead of fighting alone, it’s better to walk with the light. Buddha guides those with affinity, only waiting for the dedicated.
BTC1,68%
ETH0,39%
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