From the current perspective, the current air situation entering the correction phase again is the best proof of the subsequent bulls' efforts, which also indicates that the price is building a new rise platform. It can be seen that the bulls' both momentum and form are sufficient, and they will not turn direction again to a deep correction, at least not for the time being. Instead, they will recover after the correction. In terms of the short-term price trend structure, as the support below becomes stronger and stronger, the pressure above will continue to weaken. In the future, the bulls are likely to continue to rise, although there may be a retracement. However, we can still consider this as a means of the bulls' accumulation of strength, so we can maintain the main bullish thinking for subsequent positioning.
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From the current perspective, the current air situation entering the correction phase again is the best proof of the subsequent bulls' efforts, which also indicates that the price is building a new rise platform. It can be seen that the bulls' both momentum and form are sufficient, and they will not turn direction again to a deep correction, at least not for the time being. Instead, they will recover after the correction. In terms of the short-term price trend structure, as the support below becomes stronger and stronger, the pressure above will continue to weaken. In the future, the bulls are likely to continue to rise, although there may be a retracement. However, we can still consider this as a means of the bulls' accumulation of strength, so we can maintain the main bullish thinking for subsequent positioning.
BTC: long around 54600
Target follow59000
ETH: Long near 2850
Target follow3100