Stick to the bottom line of not going all-in, establish solid stop-loss rules, accumulate knowledge during sideways trading, and cultivate patience during volatility. More important than chasing highs and selling lows is preserving capital and maintaining a steady rhythm. Looking back at the early morning trend, Bitcoin rebounded from around 94,890 to hover around 95,490 for consolidation, while Ethereum followed Bitcoin's trend, rebounding from 3,317 to a high of 3,367.
The current market is in the final stage of bottoming out, with the downward structure basically completed, and an upward breakout is imminent. On the weekly chart, the price is operating near the lower band of the Bollinger Bands, showing alternating bullish and bearish oscillations with a general pattern of retracement followed by a rally. The bullish trend dominates the market. Regarding the MACD indicator, the previous death cross downward trend is gradually weakening, with the fast and slow lines turning upward, indicating that bullish momentum is gradually recovering. On the daily chart, the market is near the upper band of the Bollinger Bands, showing a slight short-term retracement correction, but the downward momentum is limited, belonging to a technical adjustment. The three Bollinger Bands are extending upward simultaneously, indicating strong momentum for a larger upward trend. Considering the current slight retracement, next week's strategy can focus on short-term downward correction followed by a bullish setup.
Trading suggestions: Bitcoin: around 94,800, target 98,000 Ethereum: around 3,280, target 3,500 $BTC $ETH
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Stick to the bottom line of not going all-in, establish solid stop-loss rules, accumulate knowledge during sideways trading, and cultivate patience during volatility. More important than chasing highs and selling lows is preserving capital and maintaining a steady rhythm. Looking back at the early morning trend, Bitcoin rebounded from around 94,890 to hover around 95,490 for consolidation, while Ethereum followed Bitcoin's trend, rebounding from 3,317 to a high of 3,367.
The current market is in the final stage of bottoming out, with the downward structure basically completed, and an upward breakout is imminent. On the weekly chart, the price is operating near the lower band of the Bollinger Bands, showing alternating bullish and bearish oscillations with a general pattern of retracement followed by a rally. The bullish trend dominates the market. Regarding the MACD indicator, the previous death cross downward trend is gradually weakening, with the fast and slow lines turning upward, indicating that bullish momentum is gradually recovering. On the daily chart, the market is near the upper band of the Bollinger Bands, showing a slight short-term retracement correction, but the downward momentum is limited, belonging to a technical adjustment. The three Bollinger Bands are extending upward simultaneously, indicating strong momentum for a larger upward trend. Considering the current slight retracement, next week's strategy can focus on short-term downward correction followed by a bullish setup.
Trading suggestions:
Bitcoin: around 94,800, target 98,000
Ethereum: around 3,280, target 3,500
$BTC $ETH