On-chain world is ever-changing, only holding coins steadily like a mountain. The downturn is a gift, stay true to your original intention, and wait quietly for the flowers to bloom.


Reviewing the Bitcoin and Ethereum market trends in the afternoon: Bitcoin rebounded from a low of 63,800 to a high of 65,633 and consolidated, Ethereum moved in sync with Bitcoin, rebounding from 1725 to 1779 and oscillating near the high.
In the afternoon, we arranged long positions on Bitcoin and Ethereum, currently holding 3 Bitcoin long orders with a total gain of over 2,500 points.
Ethereum long positions are still profitable and held.

From the technical structure on the four-hour cycle, the market continues to strengthen, breaking new highs repeatedly before entering a consolidation phase.
This stagnation still aligns with the previous correction pattern discussed; however, due to the previous upward movement being substantial, any significant retracement at this stage could easily break the current strong trend.
Short-term strength or weakness should be judged comprehensively based on candlestick patterns and closing momentum.
On smaller timeframes, last night’s price surged to a local high and then quickly fell back, completely retracing the gains, indicating a weakening signal in the short term.
However, the medium- to long-term bullish trend has not reversed.

Monday night BTC suggestion: buy in the range of 64,300-64,800, target 66,500.

Monday night ETH suggestion: buy in the range of 1,740-1,760, target 1,850.
BTC-2.81%
ETH-5.36%
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