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The sideways consolidation period finally has a result. BTC experienced a sharp surge today, with a 7% increase that isn't much in itself, but the key point is that it kept hitting new highs. Interestingly, the high on ETH on December 10th still hasn't been broken. At such times, I recall the saying — the longer the sideways, the more violent the breakout.
BTC has been sideways for nearly a week. Based on conventional analysis, the subsequent upward movement should also last about a week.
From the perspective of Chan Theory, the 30-minute segment is currently in an upward continuation phase, which means that a third buy signal on the 30-minute bar is an entry opportunity. In other words, if the price continues to break the high from this morning within the next two days, a real long entry opportunity will arise — wait for the third buy signal on the four-hour level, and a more vigorous rally could follow.
Here’s a trading reference idea:
**Long Position**
An appropriate entry zone is between 94700 and 94900. The targets can be set at 96700 and 97500. Set the stop-loss at 92900, making the risk manageable.
The core logic is to seize the breakout of the segment and confirmation of the bar, trading with the trend.