Bitcoin has now strongly broken through and firmly established the key support at 110,000, laying the foundation for a bullish trend overall. Other mainstream cryptocurrencies are also steadily rising in sync with Bitcoin, testing the resistance zone multiple times. Although there has been a technical correction in the short term, the market's bullish sentiment is still actively building up. It is expected that after the correction ends, the market will make another push upward, challenging higher resistance levels.
🚀Operation Suggestions: Long positions can be gradually arranged above 110200, with the first target looking towards around 112000. If it strongly breaks through, continue to look towards the 113200 area! Seize the opportunity to buy on dips, follow the trend, and do not miss the next wave of upward movement! #Gate Alpha空投XLAB
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Afternoon Market Insights:
Bitcoin has now strongly broken through and firmly established the key support at 110,000, laying the foundation for a bullish trend overall. Other mainstream cryptocurrencies are also steadily rising in sync with Bitcoin, testing the resistance zone multiple times. Although there has been a technical correction in the short term, the market's bullish sentiment is still actively building up. It is expected that after the correction ends, the market will make another push upward, challenging higher resistance levels.
🚀Operation Suggestions:
Long positions can be gradually arranged above 110200, with the first target looking towards around 112000. If it strongly breaks through, continue to look towards the 113200 area! Seize the opportunity to buy on dips, follow the trend, and do not miss the next wave of upward movement! #Gate Alpha空投XLAB