Bitcoin continues to maintain a strong trend on the four-hour chart. The price consistently stays above the midline, with each pullback forming higher lows, indicating strong buying pressure below. Recently, this four-hour candle again surged towards around 92100. Although it broke previous highs, there was no significant volume spike to dump the market. This situation is a normal trend progression, not a sign of a top.
On the one-hour level, the early session quickly recovered from around 90790, leaving a clear lower shadow. Subsequently, consecutive bullish candles appeared, gradually shifting the short-term trend from consolidation to a more bullish pattern. The overall market remains dominated by bulls.
In summary, as long as the price does not break below the key support zone, Bitcoin is likely to consolidate at high levels for a period before continuing its upward move. Recent trading strategy: go long on Bitcoin in the 91500-91000 range, targeting around 93000. For Ethereum, establish long positions between 3140-3110, with a target near 3250. Both assets are maintaining a similar rhythm, seeking upward breakthroughs while ensuring support levels are not broken.
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ForeverBuyingDips
· 01-05 14:43
I've been waiting for the 91,000 point for a long time, and it's finally coming.
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quiet_lurker
· 01-05 01:51
Is the 91,000 support level really that solid? I feel like I keep hearing this kind of statement lately.
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DecentralizedElder
· 01-05 01:50
The buying pressure is strong. If this support level holds, it will be stable.
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MerkleTreeHugger
· 01-05 01:48
It's another standard bullish narrative... as long as the support doesn't break, just keep hyping it up.
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Gm_Gn_Merchant
· 01-05 01:28
Feeling a bit greedy about bottoming out at 91,000. If it crashes directly, going all-in would be a disaster.
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fren.eth
· 01-05 01:28
Ha, still calling for more, if the support doesn't break, just push through. I've heard this rhetoric so many times.
Bitcoin continues to maintain a strong trend on the four-hour chart. The price consistently stays above the midline, with each pullback forming higher lows, indicating strong buying pressure below. Recently, this four-hour candle again surged towards around 92100. Although it broke previous highs, there was no significant volume spike to dump the market. This situation is a normal trend progression, not a sign of a top.
On the one-hour level, the early session quickly recovered from around 90790, leaving a clear lower shadow. Subsequently, consecutive bullish candles appeared, gradually shifting the short-term trend from consolidation to a more bullish pattern. The overall market remains dominated by bulls.
In summary, as long as the price does not break below the key support zone, Bitcoin is likely to consolidate at high levels for a period before continuing its upward move. Recent trading strategy: go long on Bitcoin in the 91500-91000 range, targeting around 93000. For Ethereum, establish long positions between 3140-3110, with a target near 3250. Both assets are maintaining a similar rhythm, seeking upward breakthroughs while ensuring support levels are not broken.