Yesterday's market sentiment closed perfectly, and the outlook for Dosi Road also played out flawlessly. The two major Bitcoin rallies gained a total of 1,762 points, with Ethereum gaining 87 points. The rise and fall of candlesticks are normal market phenomena; profit and loss fluctuations are the fate of trading. Accepting volatility, accepting pullbacks, accepting missed opportunities—only then can you truly understand the market. Looking back at yesterday's market sentiment, Bitcoin generally moved upward in a stepwise pattern to around 77,800 resistance, then retreated to around 77,100 to consolidate. Ethereum moved in sync with Bitcoin, reaching a high of around 2,140 in the early morning resistance, then pulling back to around 2,100 with fluctuations up and down.


Currently, the support level is in a high-level oscillation with a bullish bias, with bulls gathering strength for a breakout. On the hourly chart, Bitcoin is in a sideways upward channel, with lows rising and highs testing. The price is also stabilizing around 77,300, with volume gradually increasing, indicating a clear bullish structure. After the four-hour Bollinger Bands contracted and then expanded upward again, the price is running below the upper band, showing strong bullish momentum. A pullback to the middle band is a good opportunity for low-entry. Ethereum is oscillating weakly, moving in sync with Bitcoin, but with insufficient volume, it still relies on Bitcoin to lead. A breakout above 2,150 is needed to turn stronger.
This morning, buy long on Bitcoin at 77,200-76,700, target around 78,500.
This morning, buy long on Ethereum at 2,100-2,070, target around 2,200.
BTC-2.46%
ETH-2.4%
View Original
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
  • Pinned