The technical analysis based on the four-hour Candlestick Chart shows that after an initial continuous fall and bottoming out, the market has begun to stop falling and rebound. Currently, although it is in a slow rising phase, the overall trend has turned bullish, and a price uptrend channel has initially formed, with the market expected to continue maintaining an upward trend in the future. It is worth noting that the market has previously completed a V-shaped reversal and is currently fluctuating around the central range of the four-hour chart. A slight pullback in the short term should be viewed as a normal technical correction.



Comprehensive analysis, the market bulls are continuing to accumulate, and the lows are rising in the process of shock accumulation, which indicates that the possibility of breaking through the current range is gradually increasing. However, at present, the market has once again entered a sideways phase, and investors can consider adopting a trading strategy of selling high and buying low:

Operation Suggestions:
Bitcoin: Short can be made near the range of 104900-105300, with a target around 104000-103500.
Ethereum: Short can be placed near the range of 2545-2565, with a target of around 2515-2480.
BTC-0,24%
ETH0,03%
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)