You have endured sleepless nights, borne the falls, and held your positions; all will eventually blossom and bear fruit in the bull market. The crypto world is never short of miracles; what’s missing is you who坚持到底. Don’t fear temporary losses; as long as the direction is correct, time will give you the answer. The weekend market remains closed, with bullish and bearish volume entering a consolidation and accumulation phase, and market sentiment is quite subdued. Bitcoin’s price fluctuates around 89,500, while Ethereum consolidates in the 2,960 range. Overall volatility is weak, and there is no ideal trading space for now!


Bitcoin’s four-hour chart experienced a brief decline followed by a slight correction, failing to break through effectively, but short-term support remains valid. Due to weak weekend liquidity, the price is generally consolidating sideways. If it can stabilize above 89,500, the rebound structure is likely to remain intact. Today’s key support zones are around 89,500-88,500, with a defensive position set near 87,200. As long as this area is not broken, a low-buying strategy can continue, with rebound targets around 91,000-91,500. Ethereum’s current price stays above 2,950, with key support moved up to the 2,900-2,870 zone. As long as this support holds, the rebound trend can continue, with upward resistance at 3,020, 3,070, and near 3,100. If Ethereum successfully breaks through 3,100, it is expected to follow Bitcoin’s trend and initiate a second rally. Overall, it is recommended to position long orders above key support levels.
Trading suggestions:
Bitcoin: Around 88,500, target 93,000
Ethereum: Around 2,900, target 3,200
ETH-1,07%
BTC-0,81%
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)