Saturday's market still looks promising. The Bitcoin bulls are indeed gaining momentum, pushing the price up to the key level of 90,945 in one go, followed by some retracement. Currently, it’s oscillating around the 90,000 mark. From the daily chart perspective, the bullish momentum is accumulating, with the candlesticks closing higher and the price close to the upper Bollinger Band; the 4-hour chart shows even stronger performance, with increasing bullish volume continuing to expand upward. However, the hourly chart is showing some interesting signs, with signals of a potential shift from bullish to bearish, as evidenced by divergence in the bullish candles. At present, the market has entered a range-bound consolidation phase.
Yesterday’s intraday trading results were quite good, with a profit of 2,500 points plus an additional 160 points.
Regarding the intraday rhythm on Saturday and Sunday, my approach is as follows: consider going long on Bitcoin around 89,900-89,400, targeting the 91,000-92,000 range; for Ethereum, entry points are around 3,110-3,080, with targets near 3,160-3,200. The market is at this key level, so short-term volatility will be more active, but the overall direction should still follow the bullish trend.
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gm_or_ngmi
· 01-05 20:55
Why did the key point at 90945 retrace so quickly? It's a bit annoying.
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ZenChainWalker
· 01-03 13:19
The 90945 level is indeed interesting, but I think the multiple bullish-to-bearish signals on the hourly chart are a bit strong.
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BearEatsAll
· 01-03 02:55
90945 wasn't even held, can we still trust the bulls this time? Feels like we're about to get trapped again.
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ProbablyNothing
· 01-03 02:54
The 90945 level is being pushed quite aggressively. I also see the hourly divergence, and it feels like there will be some consolidation.
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RugResistant
· 01-03 02:50
ngl the hourly divergence you mentioned is raising flags for me... that bullish column breakdown pattern usually precedes a nasty pullback, careful with those entries around 89400
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GasWaster
· 01-03 02:50
ngl the hourly divergence got me sweating a lil, that gap between 89400-89900 better hold or i'm bagholding another failed entry... also why's nobody talking about the bridge fees to get out of this position lmao
Saturday's market still looks promising. The Bitcoin bulls are indeed gaining momentum, pushing the price up to the key level of 90,945 in one go, followed by some retracement. Currently, it’s oscillating around the 90,000 mark. From the daily chart perspective, the bullish momentum is accumulating, with the candlesticks closing higher and the price close to the upper Bollinger Band; the 4-hour chart shows even stronger performance, with increasing bullish volume continuing to expand upward. However, the hourly chart is showing some interesting signs, with signals of a potential shift from bullish to bearish, as evidenced by divergence in the bullish candles. At present, the market has entered a range-bound consolidation phase.
Yesterday’s intraday trading results were quite good, with a profit of 2,500 points plus an additional 160 points.
Regarding the intraday rhythm on Saturday and Sunday, my approach is as follows: consider going long on Bitcoin around 89,900-89,400, targeting the 91,000-92,000 range; for Ethereum, entry points are around 3,110-3,080, with targets near 3,160-3,200. The market is at this key level, so short-term volatility will be more active, but the overall direction should still follow the bullish trend.