#BTC The weekend market's trading volume was relatively low, but the weekend adjustment also provided some volume increase. Yesterday, the overall trend was consolidating, initially recovering to around 90500 and then pulling back under pressure, with the lowest dip around 89500, which aligns with the poor trading activity over the weekend. During the day, the price again broke through the key resistance level of 91000. Regarding Ethereum, after a strong rally earlier, the market did not experience the same vigorous volume increase as Bitcoin. Over the weekend, there were some gains: Bitcoin was positioned around 90500 for short positions, capturing nearly a thousand points before exiting; Ethereum was positioned around 3130 for short positions, capturing 50 points before exiting. Any market movement requires adaptability, after all, the market is not static.
Looking at the current chart, the daily structure shows four consecutive bullish days recovering, with the price stabilizing above the early key resistance. The breakthrough of the weekend's adjustment point clearly demonstrates the strength of the bulls. The bulls' recovery is further opening the Bollinger Bands, indicating a recovery phase. Combined with recent high points showing upper shadow resistance, the breakout has been achieved. The market will continue to perform with a bullish tone. The mid-term Fibonacci key resistance remains at 94000. On the four-hour chart, the trend shows a stair-step upward movement, with the overall candlestick pattern revolving around the upward movement of the moving averages. Although the indicators are in the overbought zone in the short term, the overall adjustment strength is sufficient to break through key resistance levels. Such a correction structure is unlikely to be large, and the outlook remains bullish, with a retracement to continue adding longs toward the key resistance.
Bitcoin can be bought around 90500-91000, targeting near 92500. Ethereum can be bought around 3100-3120, targeting near 3230. #ETH
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#BTC The weekend market's trading volume was relatively low, but the weekend adjustment also provided some volume increase. Yesterday, the overall trend was consolidating, initially recovering to around 90500 and then pulling back under pressure, with the lowest dip around 89500, which aligns with the poor trading activity over the weekend. During the day, the price again broke through the key resistance level of 91000. Regarding Ethereum, after a strong rally earlier, the market did not experience the same vigorous volume increase as Bitcoin. Over the weekend, there were some gains: Bitcoin was positioned around 90500 for short positions, capturing nearly a thousand points before exiting; Ethereum was positioned around 3130 for short positions, capturing 50 points before exiting. Any market movement requires adaptability, after all, the market is not static.
Looking at the current chart, the daily structure shows four consecutive bullish days recovering, with the price stabilizing above the early key resistance. The breakthrough of the weekend's adjustment point clearly demonstrates the strength of the bulls. The bulls' recovery is further opening the Bollinger Bands, indicating a recovery phase. Combined with recent high points showing upper shadow resistance, the breakout has been achieved. The market will continue to perform with a bullish tone. The mid-term Fibonacci key resistance remains at 94000. On the four-hour chart, the trend shows a stair-step upward movement, with the overall candlestick pattern revolving around the upward movement of the moving averages. Although the indicators are in the overbought zone in the short term, the overall adjustment strength is sufficient to break through key resistance levels. Such a correction structure is unlikely to be large, and the outlook remains bullish, with a retracement to continue adding longs toward the key resistance.
Bitcoin can be bought around 90500-91000, targeting near 92500. Ethereum can be bought around 3100-3120, targeting near 3230. #ETH