Recently, gold has been continuously hitting new all-time highs, while liquidity in the crypto market is actually tightening. Looking at Bitcoin's weekend performance, breaking through the 90,700 level offers a good profit margin. Following this idea of going long, you could have easily gained 1,000 points in profit.



From a technical perspective, the 4-hour support/resistance line for Bitcoin and Ethereum is currently holding up simultaneously, indicating a high correlation in their movements. If you're trading long based on this idea, it is recommended to take profits gradually in batches at this stage and lock in gains—don't be greedy and go all in at once.

Risk reminder: If Bitcoin effectively breaks below the 89,000 support level, and Ethereum drops below 3,050, you should consider switching to a short-term bearish strategy. The switch between bullish and bearish can happen very quickly, so be sure to set proper stop-loss levels.
BTC0,61%
ETH-0,49%
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
  • 3
  • Repost
  • Share
Comment
0/400
TradingNightmarevip
· 20h ago
Gold rises, and the crypto circle shrinks again. I'm truly convinced by this logic. A 1000-point gain is just routine operation. What's there to hype about? Once it breaks 89,000, I'll just run away. Not playing this anymore. Wait, what does it mean when the 4-hour dividing line is supported at the same time? Say it again. People who gamble all in are probably eating dirt now. The stop-loss point is set, but is there really a high chance of breaking 89,000?
View OriginalReply0
FudVaccinatorvip
· 20h ago
A 1000-point gain sounds great, but how many people can actually hold on... Going all-in on this move should have been phased out in the crypto world long ago. Once 89,000 is broken, it's time to run; don't wait to get caught. This wave of the golden bull market in crypto is still catching its breath, it's quite interesting. Stop-loss points really need to be set, or else you'll lose everything in one wave.
View OriginalReply0
rekt_but_resilientvip
· 20h ago
A 1000-point gain sounds good, but I'm more concerned about whether the next support level will hold... Gold is rising, but liquidity in the crypto circle is tightening, which is quite a contrast. It feels like risks are accumulating. Those who take profits without stop-loss are truly chosen ones; I'm really afraid of a sudden wipeout. Splitting profits into batches is a good idea, but who can actually do it in practice? The mentality is the hardest part. Supporting both on the 4-hour chart at the same time? That means if the level breaks, both will crash together. This timing feels a bit dangerous. I've marked the 89,000 and 3,050 levels, just waiting to see if they can hold. Liquidity tightening is real; lately, it feels like only machines are trading, with no real participation.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)