Recent market decline has led to continuous consolidation around 74,000. The daily chart remains within a wedge pattern, and the overall upward momentum has slowed somewhat. However, the OBV indicator continues to expand, indicating that buying volume is steadily accumulating. The likelihood of an upward breakout is relatively high. Once a breakout is successfully achieved, it may challenge the 78,000-79,000 range. At that time, it will face resistance from previous highs, so a trend reversal cannot be confirmed yet.



In the short term, the market is in a high-level consolidation pattern, with bulls and bears repeatedly tugging within the 73,500-74,800 range. The 72,200 level is a critical dividing line. As long as it does not break down effectively, it can be seen as bulls gathering strength for a move upward.

BTC: Buy at 72,600-73,600, targets 75,800 and 78,000.

ETH: Buy at 2,270-2,300, targets 2,380 and 2,460.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin