Market fluctuations never occur without reason; they are always testing traders' patience and their understanding of the market. Only by firmly anchoring to the main trend and controlling the rhythm can one seize those more certain opportunities amid the cycle of ups and downs.
Last night's market movement is worth reviewing. Bitcoin started a unilateral rally from a low of 87,654, rushing up to the peak at 88,594, then encountered resistance and pulled back. Ethereum followed closely, rising from around 2,910, reaching near 2,969 before also beginning to face pressure.
From the current technical perspective, after consecutive bearish candles on the four-hour chart, the market suddenly launched a strong rebound. However, the current price has not yet effectively broken through the key resistance zone above, and the Bollinger Bands have tightened, showing clear signs of consolidation in the medium term. In this pattern, if a true and effective breakout can be achieved and stabilized later, the upward space will further open; if not, it is likely to test new lows again and initiate a new downward cycle.
The one-hour chart performance is even more noteworthy. After five consecutive bullish candles, the price has entered a technical adjustment phase, moving back and forth within the middle to upper band of the Bollinger Bands. However, the MACD indicator shows that the fast and slow lines are still expanding and have already broken above the zero line, indicating that bullish momentum still has room to be released.
Based on this analysis, the trading strategy in the early morning is recommended to focus on buying at low levels. Pay close attention to the key resistance levels above; once a clear breakout occurs, adjust your strategy dynamically while also avoiding potential risks.
Specific entry suggestions: Consider going long on Bitcoin around 87,600, with a target near 89,300; for Ethereum, position around 2,920, aiming for about 3,050.
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SmartMoneyWallet
· 6h ago
Basically, it's just waiting for a breakout again... After five consecutive bullish candles, it enters a correction. How many times has this routine been played out, and retail investors are still chasing?
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ser_we_are_ngmi
· 6h ago
When the Bollinger Bands tighten, I know something's about to happen. This breakout is probably going to fail again.
It's another trick with five consecutive bullish candles—really convincing.
Enter long at 87,600? Bro, I think we should wait a bit more. Saying a resistance level will break just because it looks like it might is just asking for trouble.
Thinking MACD above the zero line means it's all good? Come on, I thought the same last time.
This market has been all over the place; isn't it better to wait patiently for a confirmed signal?
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APY追逐者
· 6h ago
Bollinger Bands are tightening, bulls have a chance, but the key is to hold the resistance level.
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BlockchainArchaeologist
· 6h ago
How dare you leverage more when the Bollinger Bands are tightening? This is just the beginning of getting trapped.
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ImpermanentLossFan
· 6h ago
Here we go again with the layout. Every time, they say go long at low levels, but it's still us retail investors getting trapped.
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AlwaysQuestioning
· 6h ago
It's the same story again: if the key resistance level can't be broken, it will continue to fluctuate; if it breaks through, it will skyrocket. Isn't that obvious?
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ser_ngmi
· 7h ago
Bollinger Bands tightening always makes me anxious. Whether this wave can break through depends on the subsequent volume.
After five consecutive bullish candles, a correction is normal. The key is to break the resistance level for it to count.
I'm a bit hesitant about going long at 87600; I need to see if the support is stable.
The probability of retesting the low point at 87654 is still quite high.
Ethereum seems stuck in this wave, just oscillating in a range and doing nothing.
If it can't break through 89300, I think it will fall back to around 88.
MACD has widened, but that doesn't necessarily mean anything; it's easy to be fooled by false signals.
The premise for going long at low levels is having effective support, but right now, it's still unclear.
Market fluctuations never occur without reason; they are always testing traders' patience and their understanding of the market. Only by firmly anchoring to the main trend and controlling the rhythm can one seize those more certain opportunities amid the cycle of ups and downs.
Last night's market movement is worth reviewing. Bitcoin started a unilateral rally from a low of 87,654, rushing up to the peak at 88,594, then encountered resistance and pulled back. Ethereum followed closely, rising from around 2,910, reaching near 2,969 before also beginning to face pressure.
From the current technical perspective, after consecutive bearish candles on the four-hour chart, the market suddenly launched a strong rebound. However, the current price has not yet effectively broken through the key resistance zone above, and the Bollinger Bands have tightened, showing clear signs of consolidation in the medium term. In this pattern, if a true and effective breakout can be achieved and stabilized later, the upward space will further open; if not, it is likely to test new lows again and initiate a new downward cycle.
The one-hour chart performance is even more noteworthy. After five consecutive bullish candles, the price has entered a technical adjustment phase, moving back and forth within the middle to upper band of the Bollinger Bands. However, the MACD indicator shows that the fast and slow lines are still expanding and have already broken above the zero line, indicating that bullish momentum still has room to be released.
Based on this analysis, the trading strategy in the early morning is recommended to focus on buying at low levels. Pay close attention to the key resistance levels above; once a clear breakout occurs, adjust your strategy dynamically while also avoiding potential risks.
Specific entry suggestions: Consider going long on Bitcoin around 87,600, with a target near 89,300; for Ethereum, position around 2,920, aiming for about 3,050.