From the analysis of Bitcoin's 4-hour trend, the price experienced a sharp drop to around 103300 after three consecutive bearish candles at the top, and then began to rebound. In the current volatile market, accurately grasping the timing to get on board is particularly important. Investors may consider adopting a strategy of shorting at high levels and going long at low levels.



The current market shows obvious characteristics of range-bound fluctuations, with investors generally waiting for the Federal Reserve's interest rate decision and Powell's speech. According to recent economic data, the possibility of a rate cut is close to zero, and it is highly likely that interest rates will remain unchanged, with limited impact on the market, which may continue to maintain a fluctuating pattern. However, it is worth noting that the current market sentiment is relatively bullish, and it is more advisable to lean towards going long at lower levels.

From the 1-hour chart perspective, the price is building a small step-up structure, with the low support level coinciding closely with the lower Bollinger Band, forming an important support line. This has become a crucial watershed for both bullish and bearish forces. If the price can remain steadily above the middle Bollinger Band, the bullish trend will be further confirmed in the short term, and the market is expected to continue its upward development.

Operation Suggestions:
Bitcoin: go long in the 103000-103600 range, target 105000-106000
Ethereum: Go long in the 2440-2470 range, target 2540-2600

The market still has uncertainties, and it is recommended that investors closely monitor the Federal Reserve's policy trends, implement risk control, and flexibly adjust strategies.
BTC0,86%
ETH0,08%
View Original
post-image
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
  • 10
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)