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The technical analysis shows a strong signal of reversal, establishing a long positions trend.
A strong bullish candlestick has propelled the market to complete a key turning point. Currently, long positions remain strong, with prices steadily advancing along an upward trajectory, showing no signs of momentum exhaustion in the short-term uptrend.
More critically, the short and long cycles resonate, significantly enhancing the credibility of trend reversals:
- The low has never broken below the lower edge of the large bullish candle's body, indicating strong support.
- The reduction in volume is significant, indicating that the bearish selling pressure is nearly exhausted;
- Successfully completed the "breakthrough and pullback" process, confirming a long positions structure, with a solid foundation for future upward movement.
Operational advice: Place a long position at 4700 with a target aiming for 4800-4900-5000. #加密市场反弹#