The market requires patience and persistence; no success comes overnight. Recently, the Bitcoin and Ethereum markets have shown obvious range fluctuation characteristics, without providing clear directional signals, consistently operating within a specific price range, neither breaking through the upper resistance nor falling below the lower support. The midday market touched the lower resistance level and then experienced a strong rebound. From a time cycle analysis, there may be a certain degree of corrective rise in the short term, as the significant fluctuations at the beginning of the week have released some market momentum, and the rebound from the bottom is a normal performance from a technical perspective.
From a technical perspective, the Bollinger Bands on the four-hour level are gradually forming a closing trend. The current consolidation is actually building momentum for a potential larger breakout that may occur later. The hourly chart also shows a similar trend, and in the midday tug-of-war between bulls and bears, the bulls have a slight advantage, guiding the price upward for a breakout.
In terms of operational advice, Bitcoin can be considered for a long position around 104500, with a short-term target pointing to 105500; Ethereum can be positioned for a long order near 2500, with a short-term target of 2600. The overall strategy should still focus on short-term trading with small space operations, while ensuring proper risk management by setting reasonable stop-loss and take-profit targets. In this fluctuating market, it is particularly important to maintain calm judgment and respond flexibly.
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The market requires patience and persistence; no success comes overnight. Recently, the Bitcoin and Ethereum markets have shown obvious range fluctuation characteristics, without providing clear directional signals, consistently operating within a specific price range, neither breaking through the upper resistance nor falling below the lower support. The midday market touched the lower resistance level and then experienced a strong rebound. From a time cycle analysis, there may be a certain degree of corrective rise in the short term, as the significant fluctuations at the beginning of the week have released some market momentum, and the rebound from the bottom is a normal performance from a technical perspective.
From a technical perspective, the Bollinger Bands on the four-hour level are gradually forming a closing trend. The current consolidation is actually building momentum for a potential larger breakout that may occur later. The hourly chart also shows a similar trend, and in the midday tug-of-war between bulls and bears, the bulls have a slight advantage, guiding the price upward for a breakout.
In terms of operational advice, Bitcoin can be considered for a long position around 104500, with a short-term target pointing to 105500; Ethereum can be positioned for a long order near 2500, with a short-term target of 2600. The overall strategy should still focus on short-term trading with small space operations, while ensuring proper risk management by setting reasonable stop-loss and take-profit targets. In this fluctuating market, it is particularly important to maintain calm judgment and respond flexibly.