Bitcoin's four consecutive bullish candles, is the bull market returning? Starting the journey north?



Just after the Lantern Festival, Bitcoin couldn't wait to start heading north.

Reflecting on this journey: at the beginning of the year, it dropped from around 98,000 all the way down to 60,000, freezing many out; after the New Year, the trend suddenly reversed, turning north from 60,000 and rallying all the way to around 74,000, with a correction of 14,000 points.

Brothers who dared to buy below 65,000, you're truly fortunate this time. While others hesitated, you were already on the train, sipping tea and enjoying the scenery.

But now the question is: with the train reaching 74,000, should you continue riding or prepare to get off?

Looking at the 4-hour chart, there's already a divergence at high levels, the EMA trend indicator has broken, and the upper Bollinger Band at 72,700 has been breached. This suggests short-term fatigue, and a pause might be needed.

Key levels to watch:
If 72,000 holds, the northbound journey continues—stay seated and don't move.
If 74,800 can't be defended, it might turn south again—time to run if necessary.

Don't get overexcited with a rise, and don't panic with a fall. Disciplined people are the ones who deserve this train.
$BTC $ETH #加密市场上涨
BTC1,31%
ETH1,92%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin