This Friday's market rhythm is actually quite interesting. It hasn't stopped since early morning. Although the daytime saw a gradual rise, Bitcoin directly surged to the strong resistance level of 90,000 in the evening, then pulled back. The US stock market opened high but then declined again, and the market followed suit, pushing upward to a high of 90,945. After this rally, there is an almost thousand-point correction space, currently oscillating around 89,800.
ETH is also following BTC's rhythm, reaching 3,149, and is now fluctuating around 3,100.
Honestly, this week's trading experience has been average. On Friday morning, I saw that the correction wasn't enough, so I set up long positions, earning a maximum of just over a thousand points. Later, I tried two short positions, both entered at the top of the range, but were immediately swept out by a sharp rise. Fortunately, I made some partial recoveries in batches early Saturday morning, which helped stop the bleeding.
From a technical perspective, the Bollinger Bands are showing a clear convergence signal. Bitcoin was initially suppressed by the middle band and pulled back, then gradually broke above the middle band, recently breaking through the upper band and then retesting, with the Bollinger Band mouth tightening significantly. This pattern usually indicates an imminent trend reversal.
On the 4-hour chart, BTC completed a surge and formed a high-level consolidation near the upper Bollinger Band. The doji candlestick completed a short-term technical correction but without a deep retracement, indicating that a short-term pullback is a normal demand and also confirming that the bullish trend has been established. The bullish momentum continues to ferment, and the selling pressure from bears is gradually dissipating. The market structure for the bulls is becoming more stable. From the market's performance, a clear bullish logic has already formed.
On the hourly level, the upward channel extension is very clear. The strong surge in the evening effectively broke through a key resistance, and the price is now holding above the previous resistance zone, opening the door for further upward movement. The market is expected to continue challenging the next target resistance area along the upper channel boundary.
From a trading perspective, it is recommended to use pullback lows as entry points for long positions, following the oscillating upward trend to capture swing trades. Don't be greedy; go with the trend.
**Suggested operational strategies:** BTC: Long positions in the 89,000-89,500 range, target 92,000 ETH: Long positions in the 3,100-3,120 range, target 3,250
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DaoDeveloper
· 8h ago
the bollinger squeeze pattern here is genuinely interesting tho... not just the usual technical setup. when you see that kind of mean reversion + upper band rejection combo, it usually signals the market's incentive structures are shifting. think of it like a consensus mechanism reaching equilibrium before consensus change happens
Reply0
PhantomMiner
· 8h ago
Quantitative trading is coming after me again. The move on Friday was a direct grind on the ground. Now it looks a bit uncertain about 92,000.
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ForkItAll
· 8h ago
Once again, I was swept by quantification, my mentality is really崩
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The Bollinger Band convergence this time is indeed prone to issues, let's wait for a pullback before acting
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Missed out on the 90,000 wave, now I'm regretting it
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Following the trend sounds simple, but actually operating is still a back-and-forth slap
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This weekend's market has been playing with heartbeat, I was so scared that I just took a break
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Is the bullish pattern established? Let's wait and see, anyway I am now out of the market
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Hold between 3100~3120, aiming for 3250 feels a bit greedy
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The slaughter on Friday was really outrageous, both bulls and bears were dying
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It's good enough that the stop-loss was successful, don't think about making money anymore haha
View OriginalReply0
MetaMaximalist
· 9h ago
ngl, the bollinger squeeze is textbook—volatility contraction preceding directional movement is literally network economics 101. most retail won't see it coming tho
This Friday's market rhythm is actually quite interesting. It hasn't stopped since early morning. Although the daytime saw a gradual rise, Bitcoin directly surged to the strong resistance level of 90,000 in the evening, then pulled back. The US stock market opened high but then declined again, and the market followed suit, pushing upward to a high of 90,945. After this rally, there is an almost thousand-point correction space, currently oscillating around 89,800.
ETH is also following BTC's rhythm, reaching 3,149, and is now fluctuating around 3,100.
Honestly, this week's trading experience has been average. On Friday morning, I saw that the correction wasn't enough, so I set up long positions, earning a maximum of just over a thousand points. Later, I tried two short positions, both entered at the top of the range, but were immediately swept out by a sharp rise. Fortunately, I made some partial recoveries in batches early Saturday morning, which helped stop the bleeding.
From a technical perspective, the Bollinger Bands are showing a clear convergence signal. Bitcoin was initially suppressed by the middle band and pulled back, then gradually broke above the middle band, recently breaking through the upper band and then retesting, with the Bollinger Band mouth tightening significantly. This pattern usually indicates an imminent trend reversal.
On the 4-hour chart, BTC completed a surge and formed a high-level consolidation near the upper Bollinger Band. The doji candlestick completed a short-term technical correction but without a deep retracement, indicating that a short-term pullback is a normal demand and also confirming that the bullish trend has been established. The bullish momentum continues to ferment, and the selling pressure from bears is gradually dissipating. The market structure for the bulls is becoming more stable. From the market's performance, a clear bullish logic has already formed.
On the hourly level, the upward channel extension is very clear. The strong surge in the evening effectively broke through a key resistance, and the price is now holding above the previous resistance zone, opening the door for further upward movement. The market is expected to continue challenging the next target resistance area along the upper channel boundary.
From a trading perspective, it is recommended to use pullback lows as entry points for long positions, following the oscillating upward trend to capture swing trades. Don't be greedy; go with the trend.
**Suggested operational strategies:**
BTC: Long positions in the 89,000-89,500 range, target 92,000
ETH: Long positions in the 3,100-3,120 range, target 3,250