2025-01-14 00:42:16

#BTC Stuck in Range, Can It Break $100K?

At midnight, Bitcoin fell back to a low point of 91207 and began to rebound, then in the early hours recovered to a high point of 94681. Ethereum also fell to a low point of 2985 at midnight and rebounded, then in the early hours reached a high point of 3142.
From a technical perspective, the basic shape of this cycle has been formed early, with a successful foundation formed around 88900. The structure has returned to the rhythm of one-way rise, consolidating long during the pullback. Of course, this wave has a larger range of motion. The formation of the 90000 support level continues the rhythm, and the second wave rises. There is no short-term signal of a peak yet. The next step is to reach the 100000 level, possibly followed by a retreat. Take the opportunity during the pullback to take a long position.
Operational Recommendations
On Tuesday, Bitcoin can be bought at around 93500, with the first target at 95500.
A long position can be taken around 3100 Ether, with a focus first on the range of 3200-3250.
#GateioInto11 #ContentStar

BTC3.53%

ETH2.59%

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.