Falling losses are not losses, but opportunities to get in. Every pullback is for a higher jump, and every shakeout is for a more stable rise. Keep going, time will reward all those who persevere with the most generous returns. Looking back at the intraday market, Bitcoin started a slight rebound from the early morning low of 89,025, pushing up to the 90,050 level before encountering resistance and pulling back; simultaneously, Ethereum moved in tandem with Bitcoin, rebounding from the low of 2,926, reaching the 2,983 level before also retreating.
From the current market view, although the market shows a short-term downward trend, we should pay more attention to the positive signals and upcoming turning points within it. The four-hour chart indicates that, despite the price testing the middle band of the Bollinger Bands and facing resistance before declining, the narrowing of the three Bollinger Bands suggests that market volatility is decreasing, accumulating energy for a future breakout. The KDJ indicator forming a death cross appears weak but also indicates an oversold condition, which is often a necessary adjustment before a rebound. On the one-hour chart, although the price broke below the middle Bollinger Band, the extent of this break is limited, and the market still has the capacity to rebound and recover. The MACD lines have converged and formed a death cross downward, seemingly releasing bearish momentum, but in reality, it also indicates that the downward momentum is weakening, and the market is approaching a short-term bottom area.
Trading suggestions: Bitcoin: around 88,500, target 93,000 Ethereum: around 2,880, target 3,200
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.
1 Likes
Reward
1
2
Repost
Share
Comment
0/400
ChiveFlowers
· 5h ago
Persistence is victory, the market is still online, don't worry.
View OriginalReply0
MicroscopicVivi
· 7h ago
Persistence is victory, the market is still online, don't worry.
Falling losses are not losses, but opportunities to get in. Every pullback is for a higher jump, and every shakeout is for a more stable rise. Keep going, time will reward all those who persevere with the most generous returns. Looking back at the intraday market, Bitcoin started a slight rebound from the early morning low of 89,025, pushing up to the 90,050 level before encountering resistance and pulling back; simultaneously, Ethereum moved in tandem with Bitcoin, rebounding from the low of 2,926, reaching the 2,983 level before also retreating.
From the current market view, although the market shows a short-term downward trend, we should pay more attention to the positive signals and upcoming turning points within it. The four-hour chart indicates that, despite the price testing the middle band of the Bollinger Bands and facing resistance before declining, the narrowing of the three Bollinger Bands suggests that market volatility is decreasing, accumulating energy for a future breakout. The KDJ indicator forming a death cross appears weak but also indicates an oversold condition, which is often a necessary adjustment before a rebound. On the one-hour chart, although the price broke below the middle Bollinger Band, the extent of this break is limited, and the market still has the capacity to rebound and recover. The MACD lines have converged and formed a death cross downward, seemingly releasing bearish momentum, but in reality, it also indicates that the downward momentum is weakening, and the market is approaching a short-term bottom area.
Trading suggestions:
Bitcoin: around 88,500, target 93,000
Ethereum: around 2,880, target 3,200