This week's market rhythm is quite clear: rebound - consolidation - pullback. After several cycles, we didn't chase the last wave of six consecutive bullish days last week; instead, we waited for the desired pullback point. These days, it looks like the market is building a bottom at lower levels, with Bitcoin and Ethereum both stabilizing above key support levels, increasing the probability of a rally.
First, let's talk about Bitcoin. The support level is still around 90,000. The dip earlier today was actually a test of this support's strength, and it held firmly. If it can break through 95,000 again this week, that will be very significant, as 95,000 is essentially the last hurdle for Bitcoin to return to the 100,000 USD mark. Once it stabilizes above this level, we can look forward to new highs.
As for Ethereum, the support is similarly solid, around 3,050. After a few days of correction, it has now turned upward. The resistance level above is 3,320, which was the previous high. The recent two dips have been quickly rebounded from, indicating that the bulls are still strong. The current strategy is to hold ETH positions at 3,050 and BTC at 89,200, and wait patiently for the next market move.
By the way, a quick note on altcoins. Recently, the market enthusiasm has shifted towards the BSC chain, which is normal—market interest tends to chase capital. But chasing hot money is a high-risk game, so don't rush. After major dips, capital will naturally flow back. The next promising sector, besides long-term favorite fan tokens, is the AI track. Projects like TAO, FET, and WLD are still in the growth phase, so keep an eye on them.
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SchrodingersFOMO
· 3h ago
Wow, this bottoming process is really solid. The 90,000 level hasn't been broken, and it feels like Bitcoin is really about to rise.
Waiting for the 95,000 breakthrough, and reaching a new high is not a dream.
ETH's bullish strength is indeed strong; holding steady at 3050 is enough, no need to mess around.
The heat on BSC has indeed diverted quite a bit, but those chasing hot money have to pay tuition fees. Let's wait until the big dip is filled before making a move.
I've been paying attention to TAO and FET for a long time. The AI track really can't be missed this time.
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NFTPessimist
· 3h ago
You're all waiting for a pullback, but I already bottomed out early. Now it's just a matter of whether 95,000 can hold.
Wait, is there really a chance on BSC? Feels like all junk coins.
I agree with holding onto 3050 without selling, just feeling itchy.
I'm also watching the AI sector, but with TAO already up in price, dare to chase?
No matter how good it sounds, it still depends on Bitcoin's mood. Don't deceive yourself.
Bottoming out? I think it's more like scamming bagholders.
Anyway, I don't believe in 10 million USD. After so many years, I've learned to keep my mouth shut.
The resistance at 3320 is correct to mention, but can it really reach there? Don't dream.
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CrashHotline
· 3h ago
90000 is really powerful, I've verified it many times and it's still solid.
Waiting for the 95000 break, feels like this time there's a chance.
Are you confident with 3050? I'm still debating whether to add more.
BSC is indeed hot right now, but I'm still hesitant, let's wait and see.
TAO is rising rapidly, but the risk is also high, better to play it safe.
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MetaEggplant
· 4h ago
Oh no, I didn't chase that six consecutive days of gains this week. It seems I was right; waiting for a pullback is the winning mindset.
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With such a solid support at 90,000, it feels like breaking 95,000 could happen this week.
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Is ETH rallying? I'm still debating whether to add to my position at 3050.
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The hype on BSC is hot, but it's definitely a gamble. It's safer to hold onto BTC and ETH.
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There is still potential for AI coins like TAO and FET, but it depends on the capital flow. Don't get caught in a trap.
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I believe the bullish momentum isn't weak. Anyway, I won't let go of my 3050 holdings.
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Can't keep up with the copycats. Watching hot money flow out, I prefer to stay safe with Bitcoin and Ethereum.
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Is 95,000 the final hurdle? Then this week's market looks interesting.
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Sounds good, but actually it's just waiting for a pullback to buy the dip. I've been playing this game for nearly ten years.
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Is there a big opportunity in the AI sector? I'm not very optimistic about the WLD project, but TAO and FET are worth paying attention to.
View OriginalReply0
SchroedingerAirdrop
· 4h ago
90000 is really solid. The dip this morning basically confirmed it.
Looking forward to breaking 95000 this week, otherwise we’ll have to wait longer.
Holding onto ETH is the right move, with a strong defense line below 3050.
TAO, this AI coin, is good. For those who didn't buy in earlier, is there still a chance now?
Chasing BSC hot money is too risky; it's better to wait for funds to flow back in steadily.
If Bitcoin can stabilize above 100,000 USD, it will be great. The potential for growth will be enormous then.
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On-ChainDiver
· 4h ago
As long as the strong support level isn't broken, just wait patiently, anyway, no loss
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Is the 95,000 level really that important? Feels like every time it's called a critical point
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There are many people cutting leeks on BSC, I’d rather honestly hold onto Bitcoin and Ethereum
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I've already bottomed out at 3050 for ETH, just waiting for a rebound to recover losses
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The AI sector is indeed hot, but will TAO also be the next雷 (lightning/strike)? Feeling a bit anxious
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The support level is really firm, just worried that a sudden big red candle might break it, then I’ll have to find a new bottom
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This wave’s rhythm is indeed clearer, much smarter than chasing high with six consecutive bullish days last week
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Fan coin is really all about popularity, I still don’t quite understand it
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If the 3320 resistance level is broken, where can it go? Feels like there are no big targets left afterward
This week's market rhythm is quite clear: rebound - consolidation - pullback. After several cycles, we didn't chase the last wave of six consecutive bullish days last week; instead, we waited for the desired pullback point. These days, it looks like the market is building a bottom at lower levels, with Bitcoin and Ethereum both stabilizing above key support levels, increasing the probability of a rally.
First, let's talk about Bitcoin. The support level is still around 90,000. The dip earlier today was actually a test of this support's strength, and it held firmly. If it can break through 95,000 again this week, that will be very significant, as 95,000 is essentially the last hurdle for Bitcoin to return to the 100,000 USD mark. Once it stabilizes above this level, we can look forward to new highs.
As for Ethereum, the support is similarly solid, around 3,050. After a few days of correction, it has now turned upward. The resistance level above is 3,320, which was the previous high. The recent two dips have been quickly rebounded from, indicating that the bulls are still strong. The current strategy is to hold ETH positions at 3,050 and BTC at 89,200, and wait patiently for the next market move.
By the way, a quick note on altcoins. Recently, the market enthusiasm has shifted towards the BSC chain, which is normal—market interest tends to chase capital. But chasing hot money is a high-risk game, so don't rush. After major dips, capital will naturally flow back. The next promising sector, besides long-term favorite fan tokens, is the AI track. Projects like TAO, FET, and WLD are still in the growth phase, so keep an eye on them.