Some are trapped in the emotions of chasing gains and selling at losses, repeatedly harvesting profits. Some stick to rationality and patience to navigate the cycles of bull and bear markets. Early morning, Bitcoin rebounded from the low of 91209 to near the high of 93806 but failed to stabilize and retreated again. Ethereum also rebounded from 3180 to 3299 but then pulled back downward.


Currently, the market faces a brief resistance during the rebound, but the subsequent continuation is gradually warming up.
From the four-hour perspective, the price slightly retraced below the middle band of the Bollinger Bands and then quickly rebounded, breaking through the middle band again, indicating strong support at the middle band and that the rebound trend remains the dominant market direction.
On the hourly chart, the candlesticks strongly recovered from the lower Bollinger Band, with significant support rebound effects. Meanwhile, the MACD indicator's fast and slow lines are about to form a golden cross again, indicating that the previous downward momentum has significantly weakened, and the rebound is likely to restart.
In terms of future operations, wait for the current slight correction to complete before looking for opportunities to go long.
Trading suggestions:
Bitcoin: around 93,000, target 96,000
Ethereum: around 3,230, target 3,500
BTC-1.25%
ETH-2.35%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)