Every fluctuation in the candlestick chart is the market teaching you reverence; every rise and fall of the account is a quiet upgrade in understanding. Looking back at today's intraday performance of Bitcoin and Ethereum, Bitcoin traded within a narrow range of 87,500–88,000 throughout the day, while Ethereum followed Bitcoin's trend, moving synchronously within 2970–2985, mainly showing sideways movement.
From the current market view, although Bitcoin's 4-hour price hovers below the middle band of the Bollinger Bands and indicators are somewhat bearish, the Bollinger Bands are noticeably narrowing, often indicating that a directional breakout is imminent after consolidation. The narrowing of the MACD momentum histogram shows weakening bearish strength, while the KDJ approaching the oversold zone hints that short-term correction may be nearing its end. Although the hourly chart shows a downward narrowing, it actually reflects the gradual absorption of selling pressure, and the market is at a critical balance point between bulls and bears. Overall, the price's repeated consolidation at the current level is building a solid stage bottom, and low volatility often signals an impending trend reversal. Although the current technical pattern appears to be under pressure on the surface, it is actually accumulating bullish rebound momentum, and opportunities for low-position layout are gradually emerging.
Trading suggestions: Bitcoin: Around 87,500, hold, target 90,000 Ethereum: Around 2,930, hold, target 3,200
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Every fluctuation in the candlestick chart is the market teaching you reverence; every rise and fall of the account is a quiet upgrade in understanding. Looking back at today's intraday performance of Bitcoin and Ethereum, Bitcoin traded within a narrow range of 87,500–88,000 throughout the day, while Ethereum followed Bitcoin's trend, moving synchronously within 2970–2985, mainly showing sideways movement.
From the current market view, although Bitcoin's 4-hour price hovers below the middle band of the Bollinger Bands and indicators are somewhat bearish, the Bollinger Bands are noticeably narrowing, often indicating that a directional breakout is imminent after consolidation. The narrowing of the MACD momentum histogram shows weakening bearish strength, while the KDJ approaching the oversold zone hints that short-term correction may be nearing its end. Although the hourly chart shows a downward narrowing, it actually reflects the gradual absorption of selling pressure, and the market is at a critical balance point between bulls and bears. Overall, the price's repeated consolidation at the current level is building a solid stage bottom, and low volatility often signals an impending trend reversal. Although the current technical pattern appears to be under pressure on the surface, it is actually accumulating bullish rebound momentum, and opportunities for low-position layout are gradually emerging.
Trading suggestions:
Bitcoin: Around 87,500, hold, target 90,000
Ethereum: Around 2,930, hold, target 3,200