$BTC surged to 96,777 in the early hours, then started to retreat; currently testing around 95,200 repeatedly. Looking at the 4H chart, six consecutive bullish candles have stacked up, and the KDJ indicator has also formed a golden cross but is still opening up, indicating a short-term upward momentum.
Trading strategy: Support is at the 94,900-94,100 range; if broken downward, look for further decline. If not broken, continue aiming for 96,000-97,000.
$ETH is also finding a bottom around 3,300-3,270. If it stabilizes, it could target 3,350-3,380.
There is still a chance to go long at this level; the key is whether a volume breakout can be achieved.
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MEVHunterX
· 12h ago
96777 That wave of escape, I knew it would be like this. It's always the same pattern. Whether it can break through depends on the volume afterward.
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MiningDisasterSurvivor
· 12h ago
Another six consecutive bullish candles and people start hyping it up. I've seen this many times since 2018, and in the end, it was just a complete wipeout.
Do you really dare to buy the dip below 94100? Honestly.
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ChainComedian
· 12h ago
96777 just runs away, truly courageous haha
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CantAffordPancake
· 12h ago
96777 started running, why does it always fall just short?
Wednesday Morning Notes:
$BTC surged to 96,777 in the early hours, then started to retreat; currently testing around 95,200 repeatedly. Looking at the 4H chart, six consecutive bullish candles have stacked up, and the KDJ indicator has also formed a golden cross but is still opening up, indicating a short-term upward momentum.
Trading strategy:
Support is at the 94,900-94,100 range; if broken downward, look for further decline. If not broken, continue aiming for 96,000-97,000.
$ETH is also finding a bottom around 3,300-3,270. If it stabilizes, it could target 3,350-3,380.
There is still a chance to go long at this level; the key is whether a volume breakout can be achieved.