Market fluctuations are normal; the key is whether you can find the rhythm amid volatility and seize the stage opportunities.
Last night's market movement was quite interesting. Bitcoin initially retraced to around 95304 and stabilized, then rebounded towards the 97000 level but faced resistance; Ethereum rose in the first half of the session, surged to around 3383 in the evening, then turned downward, with a low of 3266. Jinlin's live trading yesterday saw a profit of 3740 points on Bitcoin short positions and 67 points on Ethereum short positions.
From a technical perspective, the daily chart has already seen four consecutive bullish candles pushing upward. The current retracement is a temporary resistance for the bears. However, compared to the previous gains, this retracement isn't very large, and the lower shadow of the daily candlestick is noticeably extended, indicating strong buying support below. Overall, the bullish trend structure remains intact, and the upward momentum is still complete.
The four-hour chart is even clearer. After a period of range-bound consolidation, the market has released some downward momentum, but the price remains within the middle to upper band of the Bollinger Bands. The three bands are diverging upward, and the middle band support is steadily rising. This adjustment is essentially a technical pullback correction, not a trend reversal.
Trading strategy: Bitcoin can be positioned long around 95000-94700, targeting 97000; Ethereum can be bought near 3260, targeting 3370. Practice good risk management and avoid greed.
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DeFiGrayling
· 10h ago
It's that Bollinger Bands theory again. Can it hold up this time? I'm a bit tired.
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PaperHandSister
· 10h ago
It's the same old story. How come I feel like every day it's "technical pullback" and "bullish trend intact"...
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AirdropHarvester
· 10h ago
Another buy low and hold, it's easy to say but hard to do, brother.
View OriginalReply0
CoffeeNFTrader
· 10h ago
What kind of rhythm are you talking about? Honestly, it's just gambling on probabilities.
Market fluctuations are normal; the key is whether you can find the rhythm amid volatility and seize the stage opportunities.
Last night's market movement was quite interesting. Bitcoin initially retraced to around 95304 and stabilized, then rebounded towards the 97000 level but faced resistance; Ethereum rose in the first half of the session, surged to around 3383 in the evening, then turned downward, with a low of 3266. Jinlin's live trading yesterday saw a profit of 3740 points on Bitcoin short positions and 67 points on Ethereum short positions.
From a technical perspective, the daily chart has already seen four consecutive bullish candles pushing upward. The current retracement is a temporary resistance for the bears. However, compared to the previous gains, this retracement isn't very large, and the lower shadow of the daily candlestick is noticeably extended, indicating strong buying support below. Overall, the bullish trend structure remains intact, and the upward momentum is still complete.
The four-hour chart is even clearer. After a period of range-bound consolidation, the market has released some downward momentum, but the price remains within the middle to upper band of the Bollinger Bands. The three bands are diverging upward, and the middle band support is steadily rising. This adjustment is essentially a technical pullback correction, not a trend reversal.
Trading strategy: Bitcoin can be positioned long around 95000-94700, targeting 97000; Ethereum can be bought near 3260, targeting 3370. Practice good risk management and avoid greed.