The bullish performance over the past week has indeed been fierce. BTC has steadily pushed up from 92,000, recently reaching the 96,500 mark, and ETH has also surged to around 3,350. This rebound has been much stronger than many expected.



Real traders should have taken quite a few profits this week. Orders placed at 92,000 were closed at 94,500 for a 2,500-point gain, then adding positions to chase higher resulted in another 2,000 points. ETH also gained 120 points, with the rhythm being quite tight. Honestly, such market conditions are not common.

Currently, the market has slightly pulled back, but the strength is weak, and no significant downward continuation has formed. From a technical perspective, the four-hour Bollinger Bands continue to expand upward, indicating that bullish momentum is still present. On the hourly chart, the retracement to the middle band faces resistance, which looks like a trap for short-sellers—downward momentum is clearly weakening.

Based on the current pace, there’s no need to change the strategy of buying on dips after the correction. Specifically, BTC still has entry opportunities around 94,500, targeting 96,500; ETH can be bought around 3,260, with a target of 3,350. The market rhythm is set here; the key is not to fall behind at critical points.
BTC-0.85%
ETH-1%
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
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
rugpull_survivorvip
· 01-16 22:21
Damn, this pace is really good. If I had known earlier, I wouldn't have been so timid.
View OriginalReply0
CommunitySlackervip
· 01-16 21:27
Oh, it's that kind of market where you can't get in again. It looks exciting, but the worst feeling is having no orders in hand.
View OriginalReply0
PretendingToReadDocsvip
· 01-16 16:28
It's that same set of bear trap theories again. Why do I just find it so hard to believe... I remember the last time I said this, it broke down and fell apart.
View OriginalReply0
MidnightSnapHuntervip
· 01-14 12:53
96,500 just want to run? My order isn't in place yet, don't be too anxious, haha.
View OriginalReply0
HashBanditvip
· 01-14 12:40
ngl this bull run is hitting different, but back in my mining days we'd see 4h consolidations like this all the time before total collapse lmao. gas fees probably spiking to hell rn too, which is exactly why rollups matter fr fr
Reply0
DeFiGraylingvip
· 01-14 12:39
96,500? Uh... I'll wait for a pullback before going in again, afraid of chasing the high and getting stuck with the bag.
View OriginalReply0
MEVictimvip
· 01-14 12:26
96,500 and you're still talking about buying the dip. I think you guys are really greedy.
View OriginalReply0
GateUser-e87b21eevip
· 01-14 12:24
96500 is a tough level to hold, feels like it's going to break down at any moment.
View OriginalReply0
  • Pin