Overnight markets broke out in a one-sided rally amid a stable macro environment with CPI data. Bitcoin continuously broke through previous resistance levels, with a single-sided surge of over 1,500 points, reaching as high as 93,600. Ethereum moved in tandem. Prices have effectively stabilized above the previous high, forming a clear upward channel on the four-hour chart. The moving average system shows a bullish divergence, with key resistance turning into support, significantly consolidating the bullish structure.
Technical indicators confirm a healthy trend. During the breakout, trading volume significantly increased. The MACD re-entered a golden cross above the zero line and expanded, while RSI, although in the overbought zone, showed no divergence at the top, indicating strong buying momentum and trend continuation potential. Current market sentiment has shifted to optimism, with key levels at 95,000-96,000 psychological thresholds. $BTC
In terms of strategy, it is recommended to maintain a pullback-based long position approach, focusing on the support validity in the 92,500-93,000 range. Be aware of potential technical corrections after continuous rises; traders can wait for a price pullback to key support levels to establish long positions and follow the trend.
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Overnight markets broke out in a one-sided rally amid a stable macro environment with CPI data. Bitcoin continuously broke through previous resistance levels, with a single-sided surge of over 1,500 points, reaching as high as 93,600. Ethereum moved in tandem. Prices have effectively stabilized above the previous high, forming a clear upward channel on the four-hour chart. The moving average system shows a bullish divergence, with key resistance turning into support, significantly consolidating the bullish structure.
Technical indicators confirm a healthy trend. During the breakout, trading volume significantly increased. The MACD re-entered a golden cross above the zero line and expanded, while RSI, although in the overbought zone, showed no divergence at the top, indicating strong buying momentum and trend continuation potential. Current market sentiment has shifted to optimism, with key levels at 95,000-96,000 psychological thresholds. $BTC
In terms of strategy, it is recommended to maintain a pullback-based long position approach, focusing on the support validity in the 92,500-93,000 range. Be aware of potential technical corrections after continuous rises; traders can wait for a price pullback to key support levels to establish long positions and follow the trend.