From a daily chart perspective, the market has formed a classic deep V-shaped reversal, which aligns closely with my previous mention of the main force's accumulation zone around 68,000. Combined with recent capital flow trends, there is indeed sustained support emerging. This rebound appears to be driven more by active capital entry rather than emotional trading. The primary driving force behind the current rally is most likely the re-entry of major US-based whales into the market, and this zone can be viewed as a phased bottom area.
On the indicator level, the 7-day moving average has crossed above the 25-day moving average, and the MACD has formed a golden cross, indicating a significant short-term momentum boost. However, how far the market can go still largely depends on whether capital continues to flow in. Therefore, the outlook is somewhat bullish, but avoid chasing prices and focus more on changes in capital flow.
BTC: Watch the 69,500–69,000 range for support; once stabilized, consider participating accordingly. Initially target 71,000; if capital continues to flow, then aim for 73,000.
ETH: Monitor the 2,030–2,050 range for capital support; confirm support before following the mainstream trend to participate. Target range: 2,100–2,200.
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.
From a daily chart perspective, the market has formed a classic deep V-shaped reversal, which aligns closely with my previous mention of the main force's accumulation zone around 68,000. Combined with recent capital flow trends, there is indeed sustained support emerging. This rebound appears to be driven more by active capital entry rather than emotional trading. The primary driving force behind the current rally is most likely the re-entry of major US-based whales into the market, and this zone can be viewed as a phased bottom area.
On the indicator level, the 7-day moving average has crossed above the 25-day moving average, and the MACD has formed a golden cross, indicating a significant short-term momentum boost. However, how far the market can go still largely depends on whether capital continues to flow in. Therefore, the outlook is somewhat bullish, but avoid chasing prices and focus more on changes in capital flow.
BTC:
Watch the 69,500–69,000 range for support; once stabilized, consider participating accordingly.
Initially target 71,000; if capital continues to flow, then aim for 73,000.
ETH:
Monitor the 2,030–2,050 range for capital support; confirm support before following the mainstream trend to participate.
Target range: 2,100–2,200.