Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

After a round of ups and downs in the morning market, a positive long positions trend has been established. The price strongly pumped from the low of 86600 to 88200, and the subsequent pullback low of 86800 effectively stayed above the previous low, forming a bullish structure of "higher lows." This not only confirms the effectiveness of the support below but also indicates that the long positions defense line is solid and the rhythm control has strengthened. Although there is some pressure above in the short term, the pullback at the bottom remains relatively firm, and the market still maintains a bullish outlook.



The current market shows a positive momentum switching pattern. The pullback after the early morning pump has effectively released the pressure of short-term profit-taking, reducing the selling pressure for the subsequent upward movement. The price has now stabilized around the 87550 level, indicating that market support remains strong and there is potential for another upward attack. The overall technical structure is still dominated by long positions, and as long as the key support area of 86800-8660 holds, after sufficient consolidation, the index is expected to test the 88200 resistance zone again. If this level is effectively broken, it may further open up upward space.

BTC can be long positions at 87000-87500, looking at around 89000. ETH can be long positions at 2900-2930, looking at around 3050. #btc
BTC2.04%
ETH0.24%
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
  • Comment
  • 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)