Step 2: Mark out the key levels on the Daily chart.
For example:
While the weekly chart shows a stable range, the 1D chart shows a short-term downtrend, as the price fell below the range midpoint.
To trade this, we go down to a lower timeframe:

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Bitcoin is about to set a new record high, will the altcoin season arrive?

With the Iran-Israel ceasefire and new highs in US stocks, continuous institutional buying has led to a new high in Bitcoin's net inflow last week, which may drive Bitcoin to start a new upward trend and set a historical record. Bitcoin rose by over 6% last week, indicating strong buying pressure around $100,000. Bulls are trying to consolidate their advantage by maintaining prices above $108,000.

However, it is worth noting that liquidity is usually low during weekends, so breakthroughs should be viewed cautiously. Sellers will return on Monday and strive to keep prices between $100,000 and $111,980...

Bitcoin is about to hit a new high, will the alt season come?

On the eve of the ETHCC conference, Robinhood suddenly previewed a panel discussion with Ethereum founder Vitalik Buterin and the Arbitrum development team, sparking market speculation about its potential launch of a "proprietary blockchain". Now, this potential Layer 2 solution is not only expected to become the main competitor to Coinbase Base but may also make it difficult for crypto startups to take their next steps.
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- Robinhood to share the stage with Vitalik and Offc...

Robinhood to launch its own Arbitrum L2 blockchain? Is it a competitor to Coinbase?

Table of Contents
- Post Effect Driving Short-Term Market Trends
- Robinhood and Arbitrum's Calculations
- Industry Demonstration and Potential Risks
- What Investors Should Look at Next

When traditional brokers meet Layer-2, the market response is very direct. Robinhood announced on X in the early morning of the 30th that it would make the "biggest crypto announcement of the year" and stated that it would hold a fireside chat in Cannes, France on Monday, with guests including Ethereum co-founder Vitalik Buterin, Robinhood Crypto General Manager Joh...