Greed during rapid rises and fear during sharp declines have always been traps that swallow principal, while true winners are those who maintain discipline and respect risk as long-term investors. Looking back at this week, Bitcoin surged from around 90,790 on Monday to a high near 94,760 in the early hours of Tuesday, then retraced to around 89,242 low, followed by consolidation around 90,600; Ethereum rebounded from a low of 3,117 on Monday to a high near 3,308, then entered a downtrend, retracing to around 3,052 on Thursday evening, followed by consolidation around 3,100.
From the daily chart perspective, after testing the 20-day moving average, the price formed a long lower shadow, indicating strong support at the bottom. The current support zone coincides with key Fibonacci levels, further strengthening the bullish outlook. The recent correction after the surge is nearing its end, with short-term support structures becoming clearer. Overall, the bullish momentum remains strong, with focus on the breakout direction of the consolidation pattern.
Analyzing the four-hour chart, the MACD has formed a golden cross, and the momentum bars show a bullish divergence. Although the price experienced a long upper shadow correction after touching the 92,000 level, it found effective support near 90,000. Currently, the Bollinger Bands are tightening, indicating the market is about to choose a direction; a volume increase could trigger a new upward move. The overall trading strategy suggests continuing to buy on dips.
Trading suggestions: Bitcoin: Around 90,000, buy, target 94,000 Ethereum: Around 3,050, buy, target 3,300
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Greed during rapid rises and fear during sharp declines have always been traps that swallow principal, while true winners are those who maintain discipline and respect risk as long-term investors. Looking back at this week, Bitcoin surged from around 90,790 on Monday to a high near 94,760 in the early hours of Tuesday, then retraced to around 89,242 low, followed by consolidation around 90,600; Ethereum rebounded from a low of 3,117 on Monday to a high near 3,308, then entered a downtrend, retracing to around 3,052 on Thursday evening, followed by consolidation around 3,100.
From the daily chart perspective, after testing the 20-day moving average, the price formed a long lower shadow, indicating strong support at the bottom. The current support zone coincides with key Fibonacci levels, further strengthening the bullish outlook. The recent correction after the surge is nearing its end, with short-term support structures becoming clearer. Overall, the bullish momentum remains strong, with focus on the breakout direction of the consolidation pattern.
Analyzing the four-hour chart, the MACD has formed a golden cross, and the momentum bars show a bullish divergence. Although the price experienced a long upper shadow correction after touching the 92,000 level, it found effective support near 90,000. Currently, the Bollinger Bands are tightening, indicating the market is about to choose a direction; a volume increase could trigger a new upward move. The overall trading strategy suggests continuing to buy on dips.
Trading suggestions:
Bitcoin: Around 90,000, buy, target 94,000
Ethereum: Around 3,050, buy, target 3,300