$BTC Just after cutting losses, the price skyrockets; just after chasing the high, it plunges. The crypto market's K-line is a remedy for all arrogance and greed. Reviewing the afternoon market, Bitcoin performed strongly, first breaking through the midday high of 93,500, then further refreshing the intraday high to around 93,915, and then making a slight pullback to consolidate below 93,000 at a high level. Ethereum saw a rapid surge in the afternoon, rallying from a low of 3,028 all the way up to a high of 3,090, then pulling back from 3,090 to around 3,040, and then rebounding from 3,040 to oscillate around the 3,075 high. In the afternoon, we led members in live trading: entered Bitcoin at 92,670 and exited at 93,301 for a profit of 631 points; entered Ethereum at 3,045 and exited at 3,081 for a gain of 36 points.
From the four-hour timeframe, the Bollinger Bands have reached the edge, with all three lines turning upward, indicating that the bullish trend is gradually strengthening. The price is moving near the upper Bollinger Band, and the distance between the price and the upper band hasn't expanded excessively, with no abnormal divergence from the bands. Coupled with normal volume-price correlation—each bullish K-line is basically proportional to the trading volume, with no abnormal price surges unsupported by volume—this provides strong support for a robust bullish trend. On the one-hour timeframe, the price also hugs the upper Bollinger Band, accompanied by bullish signals like the belt-hold line, showing ample buying momentum. The Bollinger Bands show signs of slight widening, and moving averages are arranged in a bullish setup, confirming a strong short-term bullish structure and further strengthening the bullish outlook. The evening strategy remains mainly bullish.
Trading suggestions: Go long on Bitcoin around 92,700, targeting around 94,500. Go long on Ethereum around 3,060, targeting around 3,200. #今日你看涨还是看跌?
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.
$BTC Just after cutting losses, the price skyrockets; just after chasing the high, it plunges. The crypto market's K-line is a remedy for all arrogance and greed. Reviewing the afternoon market, Bitcoin performed strongly, first breaking through the midday high of 93,500, then further refreshing the intraday high to around 93,915, and then making a slight pullback to consolidate below 93,000 at a high level. Ethereum saw a rapid surge in the afternoon, rallying from a low of 3,028 all the way up to a high of 3,090, then pulling back from 3,090 to around 3,040, and then rebounding from 3,040 to oscillate around the 3,075 high. In the afternoon, we led members in live trading: entered Bitcoin at 92,670 and exited at 93,301 for a profit of 631 points; entered Ethereum at 3,045 and exited at 3,081 for a gain of 36 points.
From the four-hour timeframe, the Bollinger Bands have reached the edge, with all three lines turning upward, indicating that the bullish trend is gradually strengthening. The price is moving near the upper Bollinger Band, and the distance between the price and the upper band hasn't expanded excessively, with no abnormal divergence from the bands. Coupled with normal volume-price correlation—each bullish K-line is basically proportional to the trading volume, with no abnormal price surges unsupported by volume—this provides strong support for a robust bullish trend. On the one-hour timeframe, the price also hugs the upper Bollinger Band, accompanied by bullish signals like the belt-hold line, showing ample buying momentum. The Bollinger Bands show signs of slight widening, and moving averages are arranged in a bullish setup, confirming a strong short-term bullish structure and further strengthening the bullish outlook. The evening strategy remains mainly bullish.
Trading suggestions: Go long on Bitcoin around 92,700, targeting around 94,500.
Go long on Ethereum around 3,060, targeting around 3,200.
#今日你看涨还是看跌?