BTC price fluctuations up and down are normal. Don’t let a single day’s move make you impulsive or pessimistic—follow the bigger direction. Combine multiple timeframes; it’s fine to move slower. Stability is what takes you further.



On the chart, for BTC on the 4-hour timeframe, it has already ended the low-range sideways consolidation from the past few days. It has been printing consecutive bullish candles, and the downside selling pressure is clearly weakening. The stabilization candles that previously had long lower wicks have now mostly turned into upward candles. Overall, the weight is shifting higher, and the bullish structure is becoming clearer and clearer. The Bollinger Bands have shifted from closing in to opening upward. Price is trading above the middle band. The 63,000 level has basically been confirmed as the bottom of this pullback, and upside room is gradually opening.

This morning, you can look at it like this:
- BTC pull back to the 64,700–64,200 range for a long, with the first target near 66,000;
- ETH pull back to the 1,860–1,830 range for a long, with the target near 1,950 $BTC $ETH
BTC-0.89%
ETH0.24%
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