Recently, the Bitcoin market has performed impressively, showing an upward trend for several consecutive days. The daily chart indicates that the Bitcoin price has formed a remarkable three consecutive bullish candles, with yesterday's closing price successfully breaking through the previous high of 111240, demonstrating strong rebound momentum.
From a shorter-term 4-hour chart perspective, although the price encountered resistance and pulled back around $112,500, the overall trend still maintains within an upward channel. Notably, Bitcoin continues to set new highs while the lows are gradually rising, further confirming the current upward trend.
Currently, the price of Bitcoin is fluctuating in the range of 111500 to 111000 USD. The next important target area that market participants are generally focused on is between 112500 and 113500 USD. This range may become a key point for determining short-term trends.
However, investors still need to remain vigilant. Despite the current strong momentum, the cryptocurrency market has always been highly volatile. Technical analysis, fundamental factors, and changes in the global macroeconomic environment can all have a significant impact on Bit price.
In this market environment full of opportunities and challenges, investors should closely monitor various indicators, analyze rationally, and make prudent decisions. Whether bullish or bearish, risk management is always an indispensable part of investment strategy.
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.
13 Likes
Reward
13
8
Repost
Share
Comment
0/400
MeltdownSurvivalist
· 11h ago
Another big pump. Are the bullish traders stable now?
View OriginalReply0
SatoshiSherpa
· 09-05 13:31
All in All in it's now
View OriginalReply0
DegenRecoveryGroup
· 09-05 01:51
I have gone All in, waiting for a breakout.
View OriginalReply0
NftCollectors
· 09-05 01:50
The fractal structure of the bull run has emerged, and the golden ratio suggests that the next phase will be the second wave of the big bull.
View OriginalReply0
GweiTooHigh
· 09-05 01:48
Regret not trading last week
View OriginalReply0
BearMarketMonk
· 09-05 01:48
This wave is definitely to da moon, just go all in and it's done.
Recently, the Bitcoin market has performed impressively, showing an upward trend for several consecutive days. The daily chart indicates that the Bitcoin price has formed a remarkable three consecutive bullish candles, with yesterday's closing price successfully breaking through the previous high of 111240, demonstrating strong rebound momentum.
From a shorter-term 4-hour chart perspective, although the price encountered resistance and pulled back around $112,500, the overall trend still maintains within an upward channel. Notably, Bitcoin continues to set new highs while the lows are gradually rising, further confirming the current upward trend.
Currently, the price of Bitcoin is fluctuating in the range of 111500 to 111000 USD. The next important target area that market participants are generally focused on is between 112500 and 113500 USD. This range may become a key point for determining short-term trends.
However, investors still need to remain vigilant. Despite the current strong momentum, the cryptocurrency market has always been highly volatile. Technical analysis, fundamental factors, and changes in the global macroeconomic environment can all have a significant impact on Bit price.
In this market environment full of opportunities and challenges, investors should closely monitor various indicators, analyze rationally, and make prudent decisions. Whether bullish or bearish, risk management is always an indispensable part of investment strategy.