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Early morning Bitcoin and Ethereum movements have given us plenty of points of interest.
On the four-hour K-line, the downward trend from the high point is gradually losing its momentum. Although the price has now retraced near the lower band of the Bollinger Bands, a key detail is that the shape of the three Bollinger lines has shifted from rapid expansion to parallel movement, indicating that the selling pressure is gradually weakening. The market is in a state where both bulls and bears are catching their breath and regrouping. An even more obvious sign is that the selling volume on the bearish side, after being released for so long, is beginning to show clear signs of fatigue. In other words, even if the price instinctively dips further, the behind-the-scenes "pushers" are no longer as strong. The area around the 90500 support line has accumulated significant technical support, making it difficult for the bears to break through this solid shell, thus leaving plenty of opportunities for the bulls to counterattack.
Looking at the one-hour rhythm, the market has consecutively formed three bearish candles, with the price staying close to the lower band. On the surface, this indeed appears weak. But hidden in the details are clues—there have been several short-term touches or dips below the lower band, but none of them managed to stabilize, and they were quickly pulled back. This repeated probing usually indicates the final clearing out of frightened chips, rather than a genuine trend reversal. Reviewing past movement records reveals that around 90500 has long been a battleground where bulls repeatedly exert effort, and a considerable psychological price consensus has already formed here. As long as this level holds, the accumulated buy orders can be reactivated at any time.
Overall, in the key support zone, the downward momentum of the bears has significantly weakened, and subsequent pushing power is severely lacking. The bulls' defensive structure remains firmly in place, now quietly gathering strength during this period of opponent weakness. The probability of a rebound is rapidly increasing, and a recovery scenario is taking shape. Recently, this area still holds promising potential for bullish rebounds.
In terms of specific operations, consider going long on Bitcoin around 91,000, targeting 93,000; for Ethereum, enter around 3,140 and aim for 3,250.