Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#加密领域市场回调 Today’s market movements were quite interesting. I anticipated the afternoon pullback, which allowed me to secure about 680 points profit on Bitcoin, and around 55 points on Ethereum.



Throughout the day, the market was oscillating downward. By the evening, after reviewing the chart, Bitcoin’s daily range approached nearly 2,000 points — it tested the high near 104,500 and then dropped to around 102,300 before stabilizing. Now, there are signs of a rebound. Ethereum followed a similar pattern: it reached a high of about 3,780 in the morning, then steadily declined, hitting a low around 3,340, and just recently rebounded nearly 50 points.

From a technical perspective on the 4-hour chart, Bitcoin has closed three consecutive bearish candles today, with the price repeatedly hovering around the middle band of the Bollinger Bands. After breaking above the middle band on Monday, it failed to hold and was pushed back down. This level is critical — if the price can break through effectively, a trend reversal may be underway; if it continues to face resistance, short-term consolidation is likely.

Personally, I prefer to wait for a pullback before looking for long opportunities. For Bitcoin, watch the support around 102,500, with a target of 104,000. For Ethereum, keep an eye on the 3,330 level, aiming for a rebound towards 3,410. Of course, the actual strategy will depend on the real-time market movements.
BTC-1.57%
ETH-2.23%
View Original
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
  • 5
  • Repost
  • Share
Comment
0/400
TokenVelocityvip
· 12h ago
In the deep green forest, let's go!
View OriginalReply0
ZenChainWalkervip
· 12h ago
Just be patient and wait for the breakthrough turning point.
View OriginalReply0
P2ENotWorkingvip
· 12h ago
Already ran away. Lying flat is the true path.
View OriginalReply0
BearMarketLightningvip
· 12h ago
It's a bit steady, brother.
View OriginalReply0
PanicSeller69vip
· 12h ago
I entered the market right before it plummeted. LOL.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)