Yesterday morning, I provided a bullish outlook in the 92,500-92,000 range. The market indeed found a bottom around 92,100. Currently, the rebound has pushed up to around 92,800, and the overall trend is still quite in line with expectations.



From the candlestick pattern, after completing a round of rebound on the four-hour chart, the momentum has started to weaken again. However, the lower band of the Bollinger Bands provides some support, and the recent candlestick with a long lower shadow indicates that buyers are stepping in at low levels. This suggests that although the bulls are under pressure, they have not been completely defeated.

The next key level to watch is the resistance around 93,300. If this level can be held and pushed higher, there is potential to aim for 94,000. Conversely, if it breaks below again, a reassessment of the strategy will be necessary. Currently, the performance of BTC and ETH requires ongoing observation, as market uncertainty still exists.
BTC-4,54%
ETH-7,97%
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
  • 6
  • Repost
  • Share
Comment
0/400
SelfCustodyBrovip
· 21h ago
Once again, it has precisely stabilized around 92100. This rebound was indeed well-timed.
View OriginalReply0
BridgeJumpervip
· 21h ago
92100 is indeed a key level, but now hovering around 92800 is a bit annoying.
View OriginalReply0
DAOdreamervip
· 21h ago
92100 precise stop loss; this prediction is truly excellent. However, whether the 93300 barrier can be broken still depends on market sentiment.
View OriginalReply0
notSatoshi1971vip
· 21h ago
The wave at 92100 indeed didn't break through. Now it's just a matter of whether we can hold the 93300 level, or else we'll have to start over again.
View OriginalReply0
ChainSherlockGirlvip
· 21h ago
Hitting the mark again? The lower band of the Bollinger Bands is really strong this time. The bulls haven't been brutally beaten, which means there's still hope.
View OriginalReply0
NotSatoshivip
· 21h ago
The wave at 92100 indeed bottomed out. Now it's just a matter of whether 93300 can hold. If it breaks, I guess we'll have to cut losses again.
View OriginalReply0
  • 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)