Bitcoin overall shows a high-level oscillation with a slight weakness pattern today, after surging to around $82,828 in the early morning, it faced resistance and pulled back, gradually losing short-term moving support during the session, with a low dip to around $80,725. Currently trading near $80,845, it is in a stage of weak consolidation after a high-level correction. Ethereum's trend remains linked to Bitcoin, rising together to a high of $2,424 before turning downward. It has now fallen back to around $2,350, with rebound momentum clearly weakening, showing a passive follow-up and weakening correlation in the market.



On the daily chart, the previous bullish strong upward pace has clearly slowed down. After consecutive surges, the price hit a key resistance zone, with candlesticks repeatedly showing long upper shadows, forming clear signals of a top and pullback. Bullish momentum is gradually exhausted, with the MACD indicator diverging at high levels and turning downward, RSI entering overbought territory and continuing to decline, and moving average systems shifting from synchronized upward movement to flattening and beginning to turn. The trend has shifted from a strong bullish to a high-level oscillation with a bearish bias, with short-term correction pressure continuously releasing. The four-hour trend shows a unilateral decline, with prices breaking below the lower boundary of the upward channel and remaining under pressure, with the moving averages forming a bearish arrangement, and Bollinger Bands opening downward. Technically, a short-term bearish dominance is established, further reinforcing the daily correction expectation. The current market indicates that bearish forces are continuously releasing, and the small rebounds are not trend reversals but typical rebound traps aimed at accumulating strength for further downside. Today's trading strategy focuses on rebounding to lay out short positions.

Specific trading suggestions: Pay attention to the resistance at the upper zones of 81,600-82,300, 83,000-83,500, and the 84,500 level. If resistance holds, consider attempting long positions; downside space targets are 500-6,000 points.
GT-0.67%
BTC-0.44%
View Original
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