Hlo my Gate family. Let’s step back, breathe, and read what the daily charts are quietly telling us:
I hope you’re all doing well. Today I want to talk to you calmly and honestly, not as someone trying to predict tomorrow’s candle, but as someone reading the daily charts the way long term market participants do. What we are looking at here are not five minute emotions or fifteen minute traps. These are one day charts for Bitcoin and Ethereum, and daily charts speak slowly, but when they speak, they matter. I want to answer three questions directly, the same questions many of you are asking me every day. Are major coins still pushing back. Do I think the market has bottomed. And is this the right time to buy the dip. I will answer all three, but not in a rushed way, because daily time frames demand patience and perspective.
When I look at Bitcoin on the daily chart, the first thing I notice is not the current price around the 87,000 area, but the journey it took to get here. Bitcoin pushed as high as the mid 96,000 region not long ago and then corrected sharply toward the low 80,000s. That drop shook confidence fast. However, what matters more than the drop itself is what happened after. Bitcoin did not continue bleeding. It stabilized. It formed a base above the 80,000 zone and started grinding higher again. That behavior alone tells me this is not a weak market. Weak markets fall, bounce weakly, and then make lower lows. Stronger markets correct, absorb selling, and then refuse to give back key ground.
On the daily Bitcoin chart, we can clearly see that buyers stepped in aggressively around the 80,500 to 81,000 area. That zone acted like a magnet for demand. From there, price recovered toward the upper 80,000s. Even now, after facing resistance near the 90,000 region, Bitcoin is holding above 85,000. This matters. Daily closes above major psychological zones are not accidents.
They reflect real conviction. The 24 hour turnover close to 900 million USDT also tells me something important. Liquidity has not dried up. Big players are still active. This is not a market where capital is running away.
Ethereum on the daily chart tells a similar but slightly more emotional story. ETH reached above 3,400 before facing heavy selling pressure. The pullback toward the 2,850 to 2,900 zone was sharp and uncomfortable. Many people panicked there. However, once again, what matters is what happened next. Ethereum found buyers just above 2,880 and has since reclaimed the 2,950 to 2,960 area. That recovery may not look exciting, but on a daily chart, it shows resilience. Ethereum did not collapse below key structure. It defended an area where long term participants were clearly interested.
What also stands out to me is how both Bitcoin and Ethereum reacted to their moving averages on the daily time frame. Bitcoin dipped below short term averages during the correction but did not lose long term structure. Ethereum briefly traded below its short term trend lines but is now trying to stabilize around them again. This kind of behavior usually happens when markets are digesting a strong move, not when they are entering a prolonged bear phase. So let’s answer the first question clearly. Are major coins still pushing back. Yes, they are, but not in a loud way. On daily charts, pushing back does not mean big green candles every day. It means refusing to break down when fear shows up. Bitcoin refusing to close below the low 80,000s after a sharp rejection from highs is pushing back. Ethereum refusing to lose the high 2,800s after a deep pullback is pushing back. This is quiet strength, not hype driven strength.
Now let’s talk about the second question, and this one requires honesty. Do I think the market has bottomed. I do not believe in calling exact bottoms, especially on daily time frames. Markets rarely reward that kind of confidence. What I do believe in is recognizing when the worst part of selling pressure has already passed. From what I see on the daily charts, the aggressive liquidation phase already happened during the drop from Bitcoin’s highs and Ethereum’s sharp correction. After that phase, selling pressure weakened. Daily candles started overlapping instead of expanding downward. That is usually a sign that sellers are losing control.
Another thing I watch closely on daily charts is how long price spends below key levels. In this case, both Bitcoin and Ethereum did not stay weak for long. Bitcoin spent limited time below 85,000 before reclaiming higher ground. Ethereum spent limited time below 2,900 before bouncing. If this were a market heading into deeper trouble, price would spend more time below those levels and fail to recover quickly.
Time is an important element here. Markets bottom not just through price, but through time. We have already spent weeks correcting, consolidating, and frustrating participants. That process drains emotion. When emotion drains, markets stabilize. That does not mean straight up from here, but it does mean the risk profile starts changing. The downside becomes more limited relative to the upside over the medium term.
So has the market bottomed. I would say the market has likely formed a meaningful base, even if it revisits lower levels briefly. The character of price action feels more like accumulation than distribution. That distinction matters a lot on daily charts.
Now let’s address the question everyone really cares about. Is it time to buy the dip. I want to be very clear here. Buying the dip is not a moment. It is a process. Daily charts are not for chasing. They are for planning.
From my perspective, this is not the time for emotional all in decisions. It is also not the time to sit completely frozen if you believe in Bitcoin and Ethereum long term. This is a phase where gradual positioning makes sense. If Bitcoin revisits the mid 80,000s again, that area has already shown demand. If Ethereum revisits the 2,900 zone, buyers have already defended it once. These are not random levels. They are areas where the market already voted.
What I personally prefer in environments like this is layered buying. Small entries. Patience. Capital preserved for volatility. That way, if price dips again, you are calm. If price moves higher, you are already involved. This removes stress and keeps decision making rational.
One more thing I want to highlight from the daily charts is the lack of extreme volatility expansion. When markets are about to collapse, daily ranges widen aggressively and volume spikes uncontrollably. Right now, daily volatility has cooled compared to the initial correction phase. That usually suggests the market is transitioning, not breaking.
I also want my Gate family to understand something important. Daily charts reflect long term behavior, not short term noise. Right now, the story they tell is not one of fear taking over. It is one of digestion. Strong moves need time to settle. Markets breathe in cycles. They move, they correct, they consolidate, and then they decide.
So when people ask me if this is bullish or bearish, my answer is simple. This is constructive. It may not feel exciting, but it is healthy. Major coins are still pushing back, quietly and consistently. The market may not have printed a perfect bottom candle, but it has likely passed the most dangerous phase of the correction. And yes, for long term thinkers, this is a reasonable zone to start buying dips carefully, with patience and discipline.
I want to finish with my personal take, not as advice, but as perspective. Bitcoin and Ethereum on daily charts are not showing panic. They are showing control returning slowly. That does not mean straight up. It means the market is regaining balance. In these moments, patience beats prediction. Risk management beats emotion. And long term vision beats short term fear.
I am staying steady. I am respecting the daily structure. I am building positions slowly where it makes sense and staying flexible where it does not. That is how I survive and grow in this market.
As always, this is my personal view. Please do your own research, manage your risk, and never trade based on emotion. Stay safe, stay disciplined.
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Hlo my Gate family. Let’s step back, breathe, and read what the daily charts are quietly telling us:
I hope you’re all doing well. Today I want to talk to you calmly and honestly, not as someone trying to predict tomorrow’s candle, but as someone reading the daily charts the way long term market participants do. What we are looking at here are not five minute emotions or fifteen minute traps. These are one day charts for Bitcoin and Ethereum, and daily charts speak slowly, but when they speak, they matter. I want to answer three questions directly, the same questions many of you are asking me every day. Are major coins still pushing back. Do I think the market has bottomed. And is this the right time to buy the dip. I will answer all three, but not in a rushed way, because daily time frames demand patience and perspective.
When I look at Bitcoin on the daily chart, the first thing I notice is not the current price around the 87,000 area, but the journey it took to get here. Bitcoin pushed as high as the mid 96,000 region not long ago and then corrected sharply toward the low 80,000s. That drop shook confidence fast. However, what matters more than the drop itself is what happened after. Bitcoin did not continue bleeding. It stabilized. It formed a base above the 80,000 zone and started grinding higher again. That behavior alone tells me this is not a weak market. Weak markets fall, bounce weakly, and then make lower lows. Stronger markets correct, absorb selling, and then refuse to give back key ground.
On the daily Bitcoin chart, we can clearly see that buyers stepped in aggressively around the 80,500 to 81,000 area. That zone acted like a magnet for demand. From there, price recovered toward the upper 80,000s. Even now, after facing resistance near the 90,000 region, Bitcoin is holding above 85,000. This matters. Daily closes above major psychological zones are not accidents.
They reflect real conviction. The 24 hour turnover close to 900 million USDT also tells me something important. Liquidity has not dried up. Big players are still active. This is not a market where capital is running away.
Ethereum on the daily chart tells a similar but slightly more emotional story. ETH reached above 3,400 before facing heavy selling pressure. The pullback toward the 2,850 to 2,900 zone was sharp and uncomfortable. Many people panicked there. However, once again, what matters is what happened next. Ethereum found buyers just above 2,880 and has since reclaimed the 2,950 to 2,960 area. That recovery may not look exciting, but on a daily chart, it shows resilience. Ethereum did not collapse below key structure. It defended an area where long term participants were clearly interested.
What also stands out to me is how both Bitcoin and Ethereum reacted to their moving averages on the daily time frame. Bitcoin dipped below short term averages during the correction but did not lose long term structure. Ethereum briefly traded below its short term trend lines but is now trying to stabilize around them again. This kind of behavior usually happens when markets are digesting a strong move, not when they are entering a prolonged bear phase.
So let’s answer the first question clearly. Are major coins still pushing back. Yes, they are, but not in a loud way. On daily charts, pushing back does not mean big green candles every day. It means refusing to break down when fear shows up. Bitcoin refusing to close below the low 80,000s after a sharp rejection from highs is pushing back. Ethereum refusing to lose the high 2,800s after a deep pullback is pushing back. This is quiet strength, not hype driven strength.
Now let’s talk about the second question, and this one requires honesty. Do I think the market has bottomed. I do not believe in calling exact bottoms, especially on daily time frames. Markets rarely reward that kind of confidence. What I do believe in is recognizing when the worst part of selling pressure has already passed. From what I see on the daily charts, the aggressive liquidation phase already happened during the drop from Bitcoin’s highs and Ethereum’s sharp correction. After that phase, selling pressure weakened. Daily candles started overlapping instead of expanding downward. That is usually a sign that sellers are losing control.
Another thing I watch closely on daily charts is how long price spends below key levels. In this case, both Bitcoin and Ethereum did not stay weak for long. Bitcoin spent limited time below 85,000 before reclaiming higher ground. Ethereum spent limited time below 2,900 before bouncing. If this were a market heading into deeper trouble, price would spend more time below those levels and fail to recover quickly.
Time is an important element here. Markets bottom not just through price, but through time. We have already spent weeks correcting, consolidating, and frustrating participants. That process drains emotion. When emotion drains, markets stabilize. That does not mean straight up from here, but it does mean the risk profile starts changing. The downside becomes more limited relative to the upside over the medium term.
So has the market bottomed. I would say the market has likely formed a meaningful base, even if it revisits lower levels briefly. The character of price action feels more like accumulation than distribution. That distinction matters a lot on daily charts.
Now let’s address the question everyone really cares about. Is it time to buy the dip. I want to be very clear here. Buying the dip is not a moment. It is a process. Daily charts are not for chasing. They are for planning.
From my perspective, this is not the time for emotional all in decisions. It is also not the time to sit completely frozen if you believe in Bitcoin and Ethereum long term. This is a phase where gradual positioning makes sense. If Bitcoin revisits the mid 80,000s again, that area has already shown demand. If Ethereum revisits the 2,900 zone, buyers have already defended it once. These are not random levels. They are areas where the market already voted.
What I personally prefer in environments like this is layered buying. Small entries. Patience. Capital preserved for volatility. That way, if price dips again, you are calm. If price moves higher, you are already involved. This removes stress and keeps decision making rational.
One more thing I want to highlight from the daily charts is the lack of extreme volatility expansion. When markets are about to collapse, daily ranges widen aggressively and volume spikes uncontrollably. Right now, daily volatility has cooled compared to the initial correction phase. That usually suggests the market is transitioning, not breaking.
I also want my Gate family to understand something important. Daily charts reflect long term behavior, not short term noise. Right now, the story they tell is not one of fear taking over. It is one of digestion. Strong moves need time to settle. Markets breathe in cycles. They move, they correct, they consolidate, and then they decide.
So when people ask me if this is bullish or bearish, my answer is simple. This is constructive. It may not feel exciting, but it is healthy.
Major coins are still pushing back, quietly and consistently. The market may not have printed a perfect bottom candle, but it has likely passed the most dangerous phase of the correction. And yes, for long term thinkers, this is a reasonable zone to start buying dips carefully, with patience and discipline.
I want to finish with my personal take, not as advice, but as perspective. Bitcoin and Ethereum on daily charts are not showing panic. They are showing control returning slowly. That does not mean straight up. It means the market is regaining balance. In these moments, patience beats prediction. Risk management beats emotion. And long term vision beats short term fear.
I am staying steady. I am respecting the daily structure. I am building positions slowly where it makes sense and staying flexible where it does not. That is how I survive and grow in this market.
As always, this is my personal view. Please do your own research, manage your risk, and never trade based on emotion. Stay safe, stay disciplined.
$BTC $ETH #HasTheMarketBottomed?