In the early rally phase, Bitcoin attempted to extend its upward momentum above 75,000, but multiple tests failed to produce a significant breakthrough. Subsequently, the market gradually retreated, stabilizing after retesting around 74,500. The overall trend shifted from an early attempt to rise to a sideways consolidation to digest gains; Ethereum faced resistance near 2,350 and then experienced a volume-driven decline, bottoming out at around 2,310 before stabilizing, showing a noticeably weaker trend in comparison. Afterwards, both assets entered a consolidation phase, but during the sideways movement, Bitcoin maintained a relatively stable market center, while Ethereum's rebound was slower, with its highs continuously limited. The market displayed some divergence, indicating that current funds are more cautious and hesitant, lacking a unified directional drive.



From a technical perspective, Bitcoin has formed a resistance zone around 75,500 on the 4-hour chart, corresponding to a previous dense trading area and multiple failed attempts to break higher, creating a resonance pressure. Support below can be referenced around 73,800–74,200, which is the previous consolidation platform and retest zone. If this support is broken, the structure will weaken further. For Ethereum, around 2,360 has gradually formed a medium-term resistance zone, corresponding to previous rebound highs and the downward trendline resistance. Support below can be seen around 2,280–2,300, an area that has been tested multiple times but with diminishing strength. Overall, both assets are still in a retracement after the rebound, with no trend reversal yet. Trading strategies should mainly focus on shorting under resistance. #山寨币强势反弹 $BTC
BTC1.38%
View Original
post-image
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin