After a quiet weekend, $BTC successfully broke through 108K, and the market atmosphere quickly heated up. Will it rush to a new all-time high in one go? Let's see what several analysts on the Followin Trading Strategy Square say:
Mr. Berg
@market_beggar Is this the calm before the storm? Multiple volatility indicators are flashing signals.
“The current BTC daily K is sideways, and volatility is sharply converging, suggesting that longs and shorts are in an extremely balanced state. Once it is broken, there will be a drastic change!”
Combined with URPD data, 1.62 million B TCs are accumulated in the 104K-106K area, and the market may be on the verge of exploding. Personally, I tend to be slightly bullish, and volatility long orders are worth paying attention to.
Source: Followin
Tai Bai @0xTaiBai
$BTC is oscillating near the key highs & trend lines. Next, we will focus on whether 109K can be broken:
- If there is a pullback, pay attention to 106.6K / 105K to take long opportunities
- If it breaks through, the target will be 110K, 113K~115K
“It’s easy to get stuck when chasing highs, so it’s best to wait for a pullback or enter the market in batches.”
Source: Followin
I am vkx @865108755Nxx
Judging from the trend, BTC is likely to break through in the next two days:
“Break through the downward trend line +1 long order, break through the new high +1 more. ETH has rebounded 4%, and the mainstream altcoins have risen simultaneously. The altcoin season is just one step away from BTC!”
Part of the $SOL and $AAVE positions have been transferred to BTC, and we are ready to "get on the highway and step on the accelerator".
Source: Followin
@wukong2021
If you don’t make a bottom position in Bitcoin at this position, you will be wasting your funds.
Source: Followin
