After Bitcoin established a bottom around 83,780, it quickly rebounded and successfully broke through the previous consolidation range. On the daily chart, it has set a new phase high, with bullish momentum dominating. The lower band of the Bollinger channel has shifted from descending to ascending, showing a typical upward trend with channel expansion.
On the hourly chart, the price is forming a "higher highs and higher lows" ascending structure. Each pullback is limited in scope and rebounds quickly—this indicates weak selling pressure and active buying support. The MACD indicator has formed a bullish crossover and continues to rise, with no sign of momentum topping out yet.
Strategy: BTC can go long in the 91,800-92,500 range, targeting 93,100-94,000. ETH: Watch for support at 2,990-3,020 to go long, with an upside target of 3,060-3,100.
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.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
GmGnSleeper
· 1h ago
This BTC move is really fierce; the bears have no strength to fight back at all.
View OriginalReply0
StealthMoon
· 18h ago
The buying pressure is so strong, the bears just can't hold on.
---
Are we about to hit 94k again? This move is really fast.
---
The hourly chart pattern looks interesting, all the buy orders are stacked below.
---
Wait, what's the SEC up to again... But the coin price doesn't seem to care.
---
Getting in at 91800 doesn't feel like a big problem, just worried about getting stuck and having to wait a long time.
---
ETH is only at 3020? Feels like this rally isn't strong enough.
---
MACD is still diverging, there's no pressure to go long.
---
The support level is so solid, we might really break 94.
---
Every dip gets bought up, that's what you call consensus.
---
The bears are completely exhausted, the bulls are winning big time.
View OriginalReply0
BankruptWorker
· 18h ago
Same old trick again: pump the price right after bottom-fishing. I just want to ask if this time they can avoid dumping it back down.
View OriginalReply0
ruggedSoBadLMAO
· 18h ago
Isn't going long at 91800 just asking for trouble? It's so high and you still dare to buy the dip. Better wait and see.
View OriginalReply0
ForkTongue
· 18h ago
Hmm... this move is indeed pretty intense, the bears are really retreating.
---
94k really doesn't feel far away, why is everyone so bullish?
---
Wait, MACD is still diverging? That means there’s still more room to run.
---
3100 seems a bit conservative for this target, ETH should be able to go even harder.
---
The SEC is rolling out new frameworks again, bullish news for the crypto space just keeps coming.
---
I’ve figured out the Bollinger Bands pattern, but you still have to be careful when entering the market.
---
If you’re entering in the 92500 range, make sure you set your stop loss, everyone.
---
Still keeping an eye on $ZEC, this old coin... anyone still trading it?
---
Higher highs and higher lows are rising in sync, this is the classic definition of a strong trend.
---
The speed of the rebound shows the bottom is really solid, bullish for what’s next.
#美SEC促进加密资产创新监管框架 12.3 BTC/ETH Market Watch
After Bitcoin established a bottom around 83,780, it quickly rebounded and successfully broke through the previous consolidation range. On the daily chart, it has set a new phase high, with bullish momentum dominating. The lower band of the Bollinger channel has shifted from descending to ascending, showing a typical upward trend with channel expansion.
On the hourly chart, the price is forming a "higher highs and higher lows" ascending structure. Each pullback is limited in scope and rebounds quickly—this indicates weak selling pressure and active buying support. The MACD indicator has formed a bullish crossover and continues to rise, with no sign of momentum topping out yet.
Strategy:
BTC can go long in the 91,800-92,500 range, targeting 93,100-94,000.
ETH: Watch for support at 2,990-3,020 to go long, with an upside target of 3,060-3,100.
$PARTI $TNSR $ZEC