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.
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PseudoIntellectual
· 8h ago
This wave indeed resembles the pattern of going vertical after a long horizontal period. Enter at 94700-94900, betting on it to break 97500, just see if it can hold above the 92900 line.
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SnapshotBot
· 8h ago
Staying horizontal for a long time and rising sharply, this wave is really coming.
Wait, ETH hasn't broken the high point of December 10 yet, this doesn't seem right.
Entering at 94700 feels a bit top-like, let's wait and see.
Only act after confirming the third buy signal, currently still in a wait-and-see stage.
The 96700 target is good, just worried about another sideways consolidation.
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CommunityJanitor
· 8h ago
It's been consolidating for so long, finally moving. It should have come earlier.
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TopBuyerBottomSeller
· 8h ago
The sideways movement finally started to move, just waiting for this moment.
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ConsensusBot
· 8h ago
The longer it stays horizontal, the more vigorous it becomes vertically. This saying is indeed not wrong. Now just waiting for the four-hour Pen 3 buy.
Finally broke the level. Entering long at 94700 is fine, just worried about another false breakout.
ETH is still sleeping there, while BTC has already taken off.
The Chánlùn Pen 3 buy setup is quite effective when used properly. The key is to hold above 92900.
A 7% increase? That's just the beginning. Let's see if it can be pushed to 97500.
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.