Do you think you've hit the bottom? Turns out there's a basement beneath the floor, and below the basement is hell, which surprisingly has eighteen levels! After cutting losses and leaving the market, the price immediately skyrocketed; biting the bullet to chase the high, the market taught you a lesson with a sudden waterfall. When the price dropped below 93,000 at midnight, we cut losses in time. After the market declined, we precisely seized the rebound opportunity. Bitcoin entered at 91,878 and exited at 93,491, gaining over 1,600 points on the long side. Ethereum entered at 3,200 and exited at 3,287. The second Bitcoin trade gained 87 points. Overall, the current situation is still quite perfect, with all strategic analyses provided in advance.



After the overall intraday trend turned strong, there were pullback and correction actions before and after, but it ultimately stabilized above 92,500. Currently, this correction is testing the lower support. Therefore, in the early session, we will definitely wait for a pullback before going long. On the four-hour chart, the running channel has formed a downward pressure state. The price has recovered and moved higher, pressing against the upper band. The current resistance has shown a downward trend, and we only need to wait for a sustained increase in volume to confirm the next move.

On Wednesday morning, short-term focus for Bitcoin is on the 93,000-92,500 long side, with a target of 95,000. For Ethereum, focus on 3,250-3,200 long side, with a target above 3,350.
BTC-0,42%
ETH-1,32%
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)