Short-term rises and falls are just interludes; see the long-term direction clearly, and patiently wait for the right entry window. Yesterday morning, Bitcoin stabilized at the 63,650 low point and oscillated, relying on support to initiate a recovery rebound, steadily breaking above the 64,000 and 65,000 barriers. From noon to evening, easing US-Iran talks boosted market risk appetite, successfully breaking through the 66,000 mark. In the evening, Bitcoin continued to gain strength, hitting an intraday high of 66,915. After a continuous rally, short-term indicators entered the heavily overbought zone, with bullish momentum gradually exhausted. The price slightly retreated from the high point and oscillated above the middle Bollinger Band. Ethereum, early in the morning, also tested the 1,653 low and stabilized, with effective support. The large-scale rebound structure was formed, outperforming Bitcoin throughout the process. In the afternoon, the rebound relied on the Bollinger middle band at 1,719 for continued upward movement, reaching a high of 1,826 in the evening. Short-term indicators entered the high zone, with upward momentum slowing, and after a surge, the price retreated slightly.



Yesterday’s real trading positions: Bitcoin bought at 65,501 and 66,149, exited at 66,259 and 66,811, netting 1,420 points. Ethereum bought at 1,720 and 1,763, exited at 1,762 and 1,821, netting 116 points.

Throughout yesterday, the positive effects of geopolitical easing continued to ferment, with incremental funds entering the market. Bitcoin surged from the 63,650 low point with increasing volume, and in the evening, based on the 66,000 support, long positions were arranged, successfully pushing up to 67,237, setting a new intraday high. The 15-minute short-term indicators again entered the heavily overbought zone, with the J-value above 100. After a large rally, bullish momentum was temporarily exhausted, and the market entered a high-level oscillation digestion cycle. On the volume side, OBV remained above the moving average line, with continuous net inflow of large funds throughout the day, showing no signs of capital fleeing. The large-scale upward Bollinger channel remained fully upward, and the medium-term bullish trend was intact.

Tuesday morning outlook:

Bitcoin around 65,800, target 67,500

Ethereum around 1,750, target 1,850
BTC0.56%
ETH2.61%
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