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Over the past two days, BTC has oscillated widely around the 70,000 level, but unlike the previous days' bulls and bears deadlock, bullish momentum is now clearly dominant, with price successfully breaking upward. We camped early this morning, entered long near 70,100, and held through to around 72,000, taking 1,800 points profit. Simultaneously on ETH above 2,060, we took 70 points profit.
After experiencing several days of compressed sideways oscillation, the structure is no longer a one-sided breakout. The next breakout window won't arrive until after the weekend, meaning conditions for medium-to-long-term shorting no longer exist. Meanwhile, the 4-hour chart has broken above resistance and released continuity in bullish momentum, with the structure still showing strength. This indicates the short-term trend is now dominated by bulls, and pullbacks are buying opportunities.
For BTC, focus on 70,400-70,800 for longs, with target at 74,000. For ETH, find opportunities to go long in the 2,050-2,090 range, with target at 2,200. #比特币站上七万美元 $BTC $ETH