The ultimate winners in investing are never those who follow the crowd the best, but those who can remain clear-headed amidst the noise and hold onto their chips during the winter. Focus less on the obsession with "getting rich quick," and more on the patience of "long-termism." Spend your time researching trends and refining your understanding, establish your own "do not do list," and avoid the traps of blind speculation. Looking back, after Bitcoin surged to a high of 89,100 in the early morning, it came under pressure and fell back; insufficient momentum to break higher led the price into a downward channel, with the lowest point in the morning reaching 87,378 before entering a weak consolidation phase. Ethereum, similar to Bitcoin, reached a high of 2,986 overnight but failed to break the 3,000 resistance level, falling back to around 2,902 in the morning and then entering a weak consolidation.
Four-hour chart: After a consecutive bullish rebound to near the upper Bollinger Band, there was no effective pullback, and it entered a sideways consolidation phase alternating between small bullish and bearish candles. This movement indirectly shows that after the previous continuous sharp declines, market panic has significantly eased, bullish strength is gradually recovering, and prices stabilizing has become the initial signal for a bottoming rebound in the future. Hourly chart: After a brief consecutive bearish pullback to test the middle Bollinger Band support, the price also fell into a tug-of-war consolidation with alternating small bullish and bearish candles, overall showing a slow upward trend. The repeated appearance of long lower shadows confirms that the current mid-Bollinger Band area has strong support, and the market once again sends a clear signal of price stabilization. Combined with the slowly widening Bollinger Band opening, the price still has further upward breakout momentum and trend in the future. Operationally, it is recommended to focus on building long positions on pullbacks.
Follow Gong Zhonghao: Changsheng looks at the trend
Trading suggestions: Bitcoin: Long near 87,000, target 90,000 Ethereum: Long near 2,850, target 3,100 $BTC $ETH
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.
The ultimate winners in investing are never those who follow the crowd the best, but those who can remain clear-headed amidst the noise and hold onto their chips during the winter. Focus less on the obsession with "getting rich quick," and more on the patience of "long-termism." Spend your time researching trends and refining your understanding, establish your own "do not do list," and avoid the traps of blind speculation. Looking back, after Bitcoin surged to a high of 89,100 in the early morning, it came under pressure and fell back; insufficient momentum to break higher led the price into a downward channel, with the lowest point in the morning reaching 87,378 before entering a weak consolidation phase. Ethereum, similar to Bitcoin, reached a high of 2,986 overnight but failed to break the 3,000 resistance level, falling back to around 2,902 in the morning and then entering a weak consolidation.
Four-hour chart: After a consecutive bullish rebound to near the upper Bollinger Band, there was no effective pullback, and it entered a sideways consolidation phase alternating between small bullish and bearish candles. This movement indirectly shows that after the previous continuous sharp declines, market panic has significantly eased, bullish strength is gradually recovering, and prices stabilizing has become the initial signal for a bottoming rebound in the future. Hourly chart: After a brief consecutive bearish pullback to test the middle Bollinger Band support, the price also fell into a tug-of-war consolidation with alternating small bullish and bearish candles, overall showing a slow upward trend. The repeated appearance of long lower shadows confirms that the current mid-Bollinger Band area has strong support, and the market once again sends a clear signal of price stabilization. Combined with the slowly widening Bollinger Band opening, the price still has further upward breakout momentum and trend in the future. Operationally, it is recommended to focus on building long positions on pullbacks.
Follow Gong Zhonghao: Changsheng looks at the trend
Trading suggestions:
Bitcoin: Long near 87,000, target 90,000
Ethereum: Long near 2,850, target 3,100
$BTC $ETH