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The ice sugar orange is about to break through the 100,000 mark, but a wave of pullback is almost inevitable before that. Industry experience tells us that the more a market surges high, the more volatile it becomes—that's the rule in the crypto world.
Currently, Bitcoin's price is anchored around the 95,200 range, as of approximately 4:45 AM Beijing time. From the daily chart, the trend has clearly formed an ascending flag pattern. The key question is: can the pullback hold the 95,000 neckline? As long as this level is not broken, the upward momentum will not fade. This week's market is nearing its end, and the next direction depends on the final performance after this sideways consolidation.
Looking at the daily K-line details. Before publishing, the highest touched 97,150, and the lowest dipped to 95,089. The EMA trend indicator still shows a bullish pattern, but it is currently contracting. The mid-term strong support at 94,000 remains solid as a rock. The MACD continues to increase volume, but the pace of DIF and DEA divergence upward is clearly slowing down. Notably, the EMA60 trend support coincides exactly with the 95,200 level, reinforced by the 0.618 Fibonacci retracement support, creating a resonance of double support—this has repeatedly provided opportunities for bullish entries. The upper Bollinger Band is at 96,600; although the K-line has already retreated inside the channel, the overall bullish trend remains intact.
Switching to the four-hour chart. The ascending flag pattern is more prominent here. The EMA30 combined with the 0.618 Fibonacci level forms a strong support zone around 94,200. MACD shows signs of bearish divergence at the top, with volume decreasing simultaneously, but the K-line has already touched the strong support area. The middle Bollinger Band support at 94,500 should be watched closely. From a short-term perspective, the pullback from 96,000 down to 94,500 is clear; although the space isn't huge, it is enough to create trading opportunities.
How to operate? Aggressive traders can take a small position to try and catch the rebound after this short-term pullback; conservative traders should wait patiently for the pullback to confirm support before making a move northward—that's a solid approach.