Yesterday morning, the bulls launched a strong rally, with high volume directly breaking through the previous resistance level. They surged from the 93,400 level straight up to above 96,500. The momentum was quite fierce, clearly showing an upward breakout pattern. The bulls' control at this point is indeed strong.
However, now the price has retraced to around 95,400, which is very normal. After a strong surge, a pause is necessary—it's a typical technical correction. Currently, the price is steadily above the support zone of 95,000 to 95,300. The overall structure remains healthy in a bullish state, and the moving average system has already diverged, showing strong bullish momentum.
The key is whether the 95,000 level can hold. As long as it does, the previous breakout can be considered confirmed, and there is still potential for further upward movement. In the short term, pay attention to buy opportunities once the price stabilizes at the support level, with a focus on the previous high around 96,500.
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AirdropHarvester
· 14h ago
Ugh, if 95000 doesn't hold, I'm going to cut my losses. I'm too lazy to wait anymore.
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AlphaBrain
· 14h ago
If we can't hold 95,000, we have to admit defeat. The real question is how long this rebound can last, and it all depends on this line.
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ForumMiningMaster
· 15h ago
95,000 hold on and it will take off, do you gamble or not?
96,500 feels a bit risky, depends on whether the volume can keep up
This wave of adjustment is a shakeout, the bulls are not that easy to give up
Breaking the level was really satisfying, now just waiting for a pullback to go long
I believe in the moving average divergence, last time doing this really led to a rise
Bro, your analysis this time is really powerful, just worried it might drop again in the end
95,300 is really a hurdle, if we break 95,000, we’ll be completely out of luck
This rhythm feels a bit familiar, and it’s about to get the heart racing again
If we can't break 96,500 again, it seems like we’ll have to wait for the next wave
The bullish momentum is indeed strong, just see how long it can last
Yesterday morning, the bulls launched a strong rally, with high volume directly breaking through the previous resistance level. They surged from the 93,400 level straight up to above 96,500. The momentum was quite fierce, clearly showing an upward breakout pattern. The bulls' control at this point is indeed strong.
However, now the price has retraced to around 95,400, which is very normal. After a strong surge, a pause is necessary—it's a typical technical correction. Currently, the price is steadily above the support zone of 95,000 to 95,300. The overall structure remains healthy in a bullish state, and the moving average system has already diverged, showing strong bullish momentum.
The key is whether the 95,000 level can hold. As long as it does, the previous breakout can be considered confirmed, and there is still potential for further upward movement. In the short term, pay attention to buy opportunities once the price stabilizes at the support level, with a focus on the previous high around 96,500.