The afternoon market trend was relatively weak, still in the process of correction after the previous surge, currently consolidating around 81,000 with sideways fluctuations, almost no significant pullback, reflecting strong buying support. After reaching high levels, there was no large-scale decline, but rather a sideways digestion of short-term profit-taking, with the market remaining in a high-range operation. Ethereum's movement is synchronized with this, after being pressured and declining from the high of around 2,422, it has been consolidating above 2,300. The overall trend shows no obvious change, and in the afternoon, continue to treat it as a low-buying opportunity.



The daily chart also remains around the upper band, and the short-term pullback has not significantly affected the short-term trend, and the retracement lacks sustained momentum. In the short term, the market currently shows a continuous upward trend, and overall, the market is in the phase of absorbing funds after a secondary pullback under pressure. The 4-hour chart, after a retracement and correction, is now relying on the middle band for support and consolidating, with the structure still extending from the 80,500 bottom rebound, without rapid sharp rises and falls. The hourly chart suggests a continued upward rebound in the short term, further rising after yesterday's consolidation. Based on previous patterns, no sharp pullback after surges has appeared, indicating a short-term buildup for a reversal, and the rise is only a matter of time.

In the afternoon, Bitcoin is expected to be bought around 81,000-80,800, targeting 83,000 first. Ethereum is expected to be bought around 2,320-2,300, aiming for 2,450.
BTC-0.84%
ETH-2.41%
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