Based on the four-hour chart of Bitcoin, it previously formed a bullish engulfing pattern, with the price steadily rising and the overall bullish structure remaining solid. The recent pullback is a normal correction after a rally and has not changed the dominant bullish pattern.



After consecutive gains, the market faces increased demand for a pullback, and the bullish momentum has weakened slightly. The KDJ indicator is converging downward from a high level, indicating short-term potential for a slight dip to gather strength.

Combined with the easing of tensions between the US and Iran, market sentiment is relatively warm. It is recommended to focus on retracements for buying opportunities.

BTC: Around 68,000-67,300, aiming for 69,000-70,500

ETH: Around 2,130-2,090, aiming for 2,180-2,300
BTC-2,85%
ETH-3,09%
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
Add a comment
Add a comment
No comments
  • Pin