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Intraday market sentiment is entirely a celebration for the bulls. After the big coin retested and held steady around the 74,800 area after midnight, it entered a strong upward channel, surging through resistance layer by layer, and by the evening it reached a high near 79,400, with a near 4,600-point gain for the day. In contrast, while the altcoin also followed the big coin’s movement in sync, its pace was clearly much smaller; its daily range was only a little over 100 points. Its evening high touched around the 2,420 line, showing noticeably weaker strength compared to the big coin. We carry out our intraday strategy of staying bullish, and have repeatedly reminded everyone that the long-bias mindset remains unchanged. We publicly placed two buy orders, and both successfully took profit, netting a total of 3,496 points from the big coin and 116 points from the altcoin, steadily putting the gains away.
Judging from the current market picture, the big coin is showing an extremely strong one-way upward trend, continuing the bullish head-dominant structure. On the four-hour timeframe, after completing the pullback at midnight and confirming that support is effective, a five-candle run of consecutive bullish candles strongly pushed prices higher, successfully breaking through the prior high suppression around 78,500. The Bollinger Bands’ three lines are opening upward; the price is running in line with the upper band. After the fast/slow lines formed a golden cross resonance with the KDJ, they continue dispersing upward, and the bullish head momentum is still staying fully charged. When combining the hourly timeframe, the big coin’s consecutive bullish extension comes with fragmented bearish adjustments; during the upward move, profit-taking pressure is released sufficiently. Meanwhile, volume gives matching support, making the overall trend healthy and coherent. Currently, the price is facing resistance and being rejected around the 79,500 line, and in the short term there is a need for a pullback to build up strength. Next, the key focus is whether the 80,000 level can complete an effective breakout. In terms of positioning, we continue to keep the low-bias bullish approach as the main plan.
Big coin: Bullish support around 78,500, targeting 80,200 above.
Altcoin: Bullish support around 2,360, targeting 2,450 above.$BTC $ETH #美伊二轮谈判进展