Take a look at the recent technical performance of BTC spot trading.
The ultra-short-term is quite interesting, with the 5-day moving average converging and moving in an ultra-short oscillation rhythm. However, once it breaks through, there could be many opportunities.
Looking upward in the short term, the 20-day moving average is clearly upward, and the 20-week moving average is also trending higher. This is definitely a bullish pattern. The momentum in the short term is quite good.
The medium-term is even more interesting. Both the 5-week and 20-week moving averages are rising, especially the 20-week moving average, which is currently at the 15th week position, with an unmistakable upward trend. The medium-term bullish structure is very stable.
In the long term, both the 5-month and 20-month moving averages are moving upward, and the 20-month moving average remains on an upward trajectory. This is a classic long-term bullish pattern. From the daily, weekly, and monthly charts, BTC is currently in a bullish resonance, with all timeframes singing the same tune.
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DefiVeteran
· 11h ago
Bullish resonance? Is this really different this time, or is it just the old routine coming back again?
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0xSherlock
· 11h ago
Bullish resonance? Sounds good, but I'm afraid it's just the last hurrah before the scythe...
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0xSoulless
· 11h ago
Here we go again, bulls resonating, singing the same tune... The last time they sang like this, I only cut two hundred thousand yuan, and now they say it's stable again? I don't believe a word you say.
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CryptoCrazyGF
· 11h ago
Bullish resonance sounds pretty good, but when will this ultra-short squeeze finally break? It's driving me crazy haha
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down_only_larry
· 11h ago
Bullish resonance? Alright, I'll just wait and see if I get crushed through it.
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GasFeeNightmare
· 12h ago
Bullish resonance sounds great, but why do I feel like every time I say that, it ends up falling?
Take a look at the recent technical performance of BTC spot trading.
The ultra-short-term is quite interesting, with the 5-day moving average converging and moving in an ultra-short oscillation rhythm. However, once it breaks through, there could be many opportunities.
Looking upward in the short term, the 20-day moving average is clearly upward, and the 20-week moving average is also trending higher. This is definitely a bullish pattern. The momentum in the short term is quite good.
The medium-term is even more interesting. Both the 5-week and 20-week moving averages are rising, especially the 20-week moving average, which is currently at the 15th week position, with an unmistakable upward trend. The medium-term bullish structure is very stable.
In the long term, both the 5-month and 20-month moving averages are moving upward, and the 20-month moving average remains on an upward trajectory. This is a classic long-term bullish pattern. From the daily, weekly, and monthly charts, BTC is currently in a bullish resonance, with all timeframes singing the same tune.