The pullback in the trend is an opportunity for bulls to enter, not a reason for bears to celebrate; following the trend is always the most stable survival rule in the crypto world.


Yesterday, Bitcoin continued its strong upward trend since the low of 74,868 on May 2nd, with the 4-hour K-line moving upward along the upper Bollinger Band, reaching a high of 82,828, setting a new high for this rebound.
Ethereum surged from 2,377 in the early morning to 2,422 along with Bitcoin, then pulled back.
The larger-term bullish trend has not been broken, and the decline appears to be a normal correction after the rise, not a reversal signal.
This rally, starting from 74,868, has kept the price above the middle Bollinger Band at 80,736, and the current price of 81,334 remains above the middle band, indicating that the core support of the bullish trend has not been broken.
As long as the middle band is not effectively broken downward, the overall upward direction remains unchanged.
The 81,000-80,700 zone below is a strong support area; after testing this zone yesterday, it stabilized, showing that the bulls still have strength, and the correction did not show signs of a volume-driven breakdown.
Bitcoin: Long near 80,700    Target: 82,500
Ethereum: Long near 2,310    Target: 2,450

This article does not provide any investment advice; for reference only!!
BTC-0.62%
ETH-2.21%
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
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
HighAmbition
· 34m ago
2026 GOGOGO 👊
Reply0
MasterChuTheOldDemonMasterChu
· 37m ago
Just charge forward 👊
View OriginalReply0
BlackBullion_Alpha
· 1h ago
Bull Run 🐂
Reply0
BlackBullion_Alpha
· 1h ago
HODL Tight 💪
Reply0
  • Pin