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Good morning, friends. Big Coin maintained a narrow range oscillation and consolidation throughout the night, continuing to run around 70400 in the morning. We provided a long idea at 69800 at midnight, and the price has retraced to that position as expected, providing an entry opportunity. The highest gain so far is nearly 600 points. Friends who have entered following the idea can continue to hold, focusing on the breakthrough strength of the key resistance level above, and do proper profit-taking protection.
The current market shows no obvious changes compared to the midnight period, the triangle convergence pattern has not yet broken out, the trading volume is relatively balanced between long and short, and the oscillation pattern continues. At the four-hour level, the retracement of the low point is gradually rising with the middle band, the price action is mainly characterized by fragmented candle consolidation, and the space both above and below is noticeably suppressed. It is expected that the morning will still be dominated by oscillation and accumulation, with a breakthrough window approaching. The subsequent operation idea remains unchanged, maintaining a low long position layout, and observing the strength of the breakout.
Big Coin: Long 69800~70100, targeting 72200 above.
Ethereum: Long 2040~2060, targeting 2150 above.$BTC $ETH