Bitcoin Breaks $59,000, Continues Steady Climb

Bitcoin continues full steam ahead: breaking $59,000 levels!This year, the adoption of ETFs has had a major impact on the market. The continued buying of institutions is undoubtedly the biggest positive factor. The chart also verifies this. There is a heavy volume increase, the unilateral bullish trend continues upward, and no top structure has yet appeared.What we need to do now is not to overthink what the price will reach, nor to predict which position will become the top, but to do a good job in risk control, follow the trend, and then consider the possibility until the weekly chart changes from rising to horizontal. reversal problem. During the continuous pull-up stage, we only need to consider whether to go long directly or wait for a correction before going long.We proposed this wave of predictions half a month ago, emphasizing that a break above $52,500 would be a signal for trend continuation. Even if you miss the lows, a break above $52,500 is still the best right-side entry signal. If you completely miss this wave of gains, you need to strengthen your ability to interpret market trends and your trading system.According to the daily chart's trend of increasing volume after breaking through the range, forming two consecutive positive trends, and according to the law of repeated declines and three exhaustions, there may be a continued wave of rising demand today, and it is expected to be around 58,400. further rise. If after rising again, the daily line closes upward or forms a cross star, the price may enter a shock again and then rise again. It has now exceeded US$59,000