Bitcoin and Ethereum both experienced two rallies yesterday before pulling back. Currently, they are gathering strength in a bullish trend. BTC is repeatedly consolidating in the 94,000-95,000 range, and the overall space looks promising. Ethereum's performance is similar—steady and robust, but there is a clear sense of accumulated correction pressure.



From a technical perspective, some details are worth noting. The daily MACD is still expanding, indicating that medium-term momentum is still in play. However, on the 4-hour chart, although the DIF and DEA are still in a bullish alignment, the histogram has started to shrink. What does this mean? A short-term overbought correction may be imminent.

How to interpret specific levels? The nearest resistance for BTC is around 98,000. If broken, the next hurdle is 99,000, with a final push toward the key level of 100,000. Support levels are first seen around 94,000-95,000; if it drops further, look at 93,000.

For Ethereum, the 3,400 psychological resistance remains significant, but once it stabilizes above that, there's a high probability of a rally toward 3,450-3,550. The support below is around 3,280-3,250; if broken, the key support is at 3,150.
BTC-1.32%
ETH-1.89%
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
0xTherapistvip
· 2h ago
Is it the same old story again, saying that a correction is needed when volume decreases? I feel like this round can still continue to be pushed further.
View OriginalReply0
HalfBuddhaMoneyvip
· 2h ago
The 94,000 level is really interesting; it feels like it's repeatedly testing the bulls' patience right here.
View OriginalReply0
DegenWhisperervip
· 2h ago
Damn, is the volume shrinking again? Is this really going to adjust this time? Let me check if there are any bullets left in the wallet.
View OriginalReply0
BlockchainGrillervip
· 2h ago
94000-95000 repeatedly consolidating, it feels like it's gathering strength, but this decreasing volume bar chart is a bit unsettling. Is a correction really coming?
View OriginalReply0
AllTalkLongTradervip
· 2h ago
Wait, is the bar chart shrinking now? Shouldn't that mean reducing positions? It's not necessary to hold on until 100k.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt