From a short-term perspective, the short-term rebound momentum of Bitcoin has shown signs of weakening on the hourly chart. The upward strength is clearly insufficient, which directly reflects the market's low enthusiasm for chasing highs. The short-term trend is likely to be dominated by oscillation and digestion.
Above key support levels, a cautious and optimistic trading approach can be maintained; if support levels are broken with increased volume, caution should be exercised as a deep correction may occur. Currently, the market is showing weakness. Trading strategies can combine short-term and medium-to-long-term layouts, while maintaining a high-altitude mindset. It is important to emphasize that rushing to catch the bottom is not advisable at this stage, as the market has not yet bottomed out, and blind entry can easily lead to being trapped at high levels. Bitcoin can be positioned around the 89.2k resistance level, with targets at 86,600-85,500. Ethereum can be positioned around the 3,030 resistance level, with targets at 2,800-2,780.
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.
From a short-term perspective, the short-term rebound momentum of Bitcoin has shown signs of weakening on the hourly chart. The upward strength is clearly insufficient, which directly reflects the market's low enthusiasm for chasing highs. The short-term trend is likely to be dominated by oscillation and digestion.
Above key support levels, a cautious and optimistic trading approach can be maintained; if support levels are broken with increased volume, caution should be exercised as a deep correction may occur.
Currently, the market is showing weakness. Trading strategies can combine short-term and medium-to-long-term layouts, while maintaining a high-altitude mindset. It is important to emphasize that rushing to catch the bottom is not advisable at this stage, as the market has not yet bottomed out, and blind entry can easily lead to being trapped at high levels.
Bitcoin can be positioned around the 89.2k resistance level, with targets at 86,600-85,500.
Ethereum can be positioned around the 3,030 resistance level, with targets at 2,800-2,780.