Looking back at the intraday market conditions, there is significant pressure at the upper resistance level, causing the price to fluctuate within the range of 104500-105500. The price dipped and fell to around 104111 at one point. In the evening, we still maintain the idea of retracing and following the trend. It is expected that the market will continue to test the upper pressure and lower support level. Ether is showing similar market conditions. Although the current market competition is intense, we just need to pay more attention to the overall situation and be prepared to respond in a timely manner. With patience, we can still manage the fluctuations in the market.
Currently, observing the four-hour structure chart, the price has repeatedly shown a pattern of probing higher and then retreating. This type of movement can be classified as high-level oscillation and consolidation. Although the price has tested higher and pulled back multiple times, it has been able to maintain the key support level and stabilize again. As long as this key support level remains effective, our bullish outlook for the market can remain unchanged. However, if it unfortunately breaks down, the market may enter a downward trend. In the short term, the market is likely to continue the tug-of-war oscillation between bulls and bears. In our subsequent operations, we must ensure good protection, and we can look for support around 103500 below. Bitcoin: Targeting 106000 around 104200-104500; Ether: Targeting 2580 around 2480-2500, #BTC ,
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.
Looking back at the intraday market conditions, there is significant pressure at the upper resistance level, causing the price to fluctuate within the range of 104500-105500. The price dipped and fell to around 104111 at one point. In the evening, we still maintain the idea of retracing and following the trend. It is expected that the market will continue to test the upper pressure and lower support level. Ether is showing similar market conditions. Although the current market competition is intense, we just need to pay more attention to the overall situation and be prepared to respond in a timely manner. With patience, we can still manage the fluctuations in the market.
Currently, observing the four-hour structure chart, the price has repeatedly shown a pattern of probing higher and then retreating. This type of movement can be classified as high-level oscillation and consolidation. Although the price has tested higher and pulled back multiple times, it has been able to maintain the key support level and stabilize again. As long as this key support level remains effective, our bullish outlook for the market can remain unchanged. However, if it unfortunately breaks down, the market may enter a downward trend. In the short term, the market is likely to continue the tug-of-war oscillation between bulls and bears. In our subsequent operations, we must ensure good protection, and we can look for support around 103500 below.
Bitcoin: Targeting 106000 around 104200-104500; Ether: Targeting 2580 around 2480-2500, #BTC ,