Based on the current market chart, Bitcoin's daily rebound has encountered significant resistance at the midline, and the Bollinger Bands are narrowing and flattening, indicating the market has entered a consolidation and negotiation phase. The price is vying around the midline, which is a short-term indicator of strength or weakness. If it stabilizes above the midline and moves upward, it may enter a strong consolidation zone; if it struggles to break the midline, the trend structure will remain under pressure, and a weak pattern will be difficult to change.


On the four-hour chart, the price rose to the upper band but faced resistance, with the short-term upward momentum slowing down, indicating a phase of correction after a rally. The market has shifted from rapid decline to rebound correction, now caught in a tug-of-war between bulls and bears. Considering the short-term resistance levels, focus on the downward momentum after the rebound encounters resistance, mainly adopting a high-selling approach.
Bitcoin: Range around 71,300-71,800, with a buy limit at 72,300, and a target lower range of 70,300-68,800.
Ethereum: Range around 2,090-2,130, with a buy limit at 2,160, and a target lower range of 2,040-1,930.
BTC-2,36%
ETH-2,33%
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CryptoWorldSnacksvip
· 2h ago
According to official data, the number of registered users on the global crypto asset trading platform Gate has surpassed 50 million. This milestone is regarded as an important milestone in the platform's development process, marking Gate's transition from a high-growth phase focused on scale expansion to a new cycle centered on system maturity and stable operation capabilities.
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Unoshivip
· 3h ago
Thanks for sharing this
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