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Happy weekend, good morning!
The wind is picking up—will next week start trending differently!
Based on the current four-hour chart, after a round of washing action on Friday, price is still trading above the 70,000 level. At the current pace, we can consider this a normal pullback within the channel without breaking the uptrend. The moving averages maintain a bullish alignment with no death cross or downward turning point appearing.
From a K-line perspective, small bullish candles are gradually forming, with price stabilizing above 70,500. Short-term downside momentum has been exhausted, and the rising channel's upper rail continues to extend upward. If price breaks through the recent small platform resistance, it will launch another attack toward the 74,000 previous high!
Operational Suggestion: Pullbacks are layout opportunities
Short-term consolidation does not change the medium-term uptrend. The current price level is in the lower-middle section of the rising channel, representing a low-risk layout zone. Patiently await volume breakthrough of the small platform, then follow the trend accordingly. The bull market main line is clear, and after the accumulation is complete, we expect to reach new phase highs.
68,000-69,000 long-term bullish layout!
Intraday short-term range will involve long-short battles
I will provide entry signals; the above analysis is purely personal perspective
Actual layout should be based on reality! #比特币站上七万美元 #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 $BTC
The wind is picking up, will the trend start to reverse next week!
Based on the current 4-hour chart, after a round of up-and-down wash-out on Friday, the price is still trading above the 70,000 level. At the current pace, we can consider this a normal pullback within the channel without destroying the uptrend. Moving averages maintain a bullish alignment with no death cross or downward bend appearing.
From a K-line perspective, small bullish candles are gradually forming, with price holding firmly above 70,500. Short-term downside momentum has been exhausted, and the upper rail of the ascending channel continues to extend upward. If price breaks through the recent small platform resistance, it will launch another attack toward the 74,000 previous high!
Operational Suggestion: Pullbacks are layout opportunities
Short-term fluctuations do not alter the mid-term uptrend. The current price level is in the lower-middle section of the ascending channel, representing a low-risk layout zone. Patiently wait for volume breakout of the small platform, then follow the trend. The bull market main line is clear, and after accumulating strength, it is expected to create new stage highs.
68,000-69,000 layout for long-term longs!
Intraday short-term price action around range involves long-short games
I will provide entry signals. The above ideas are purely personal views
Specific layout situations should be based on actual conditions! #比特币站上七万美元 #Gate Square AI Rating Official #Gate February Derivatives Market Share Reaches New High $BTC