Bitcoin experienced a technical correction after surging to $90,400, with a low of around $86,800. From the overall correction rhythm, it remains relatively stable, with no signs of emotional panic selling. This appears to be a healthy pullback for accumulation rather than a trend reversal signal.
The market's stability can be felt from the performance of the capital flow. During the correction, there was no significant increase in selling volume, and buyers are still absorbing at lower levels, indicating that participants have a strong consensus on this price range. The momentum of short-term bears is gradually diminishing, which creates the necessary conditions for the bulls to continue.
From a technical perspective, the four-hour candlestick quickly rebounded after touching the lower Bollinger Band, and the support below remains effective. The price then re-entered the middle band area. A key detail is that the critical level of $90,400, which was previously broken through, was not effectively broken down. The overall trend follows a typical breakout–retreat–confirmation pattern, with the bulls still in the accumulation phase.
From a trading standpoint: BTC can consider going long around $86,800–$86,200, with targets in the $88,000–$89,500 range. ETH has a bullish opportunity near $2,850–$2,900, with targets at $2,980–$3,050.
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DefiPlaybook
· 8h ago
According to on-chain data, the recent absorption volume of 86,800 indeed exhibits characteristics of a healthy retracement. The TVL flow has not shown any abnormal panic. It is worth noting that the quick rebound from the lower Bollinger Band suggests that institutions are positioning at low levels. A risk warning: since 90,400 has not been effectively broken, sometimes it cannot withstand macro black swan events.
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How is the volume data for this BTC correction? I checked the inflows and outflows on several exchanges, and it doesn't seem as panicked as expected, which is why I agree with the accumulation hypothesis.
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From an protocol design perspective, market consensus strength indeed reflects willingness to absorb, and this analysis is quite accurate. If I go long at 86,200, I prefer to buy in batches rather than go all-in at once.
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When will we see a true trend reversal? I’m getting a bit tired of these rebounds and re-rebounds.
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Based on recent on-chain anomaly monitoring, the historical support within the target zone of 88,000-89,500 is indeed effective. However, I recommend combining this with volume indicators to verify the validity of a breakout.
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I didn't quite understand this ETH opportunity. The difference between 2,850 and 2,980 is only 150 points, so the yield doesn't look very attractive.
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bridgeOops
· 8h ago
Well, this wave of pullback is okay, not a dump, just normal accumulation.
Wait, can 86200 really reach 89500? It feels a bit uncertain.
It's a good thing that someone is taking the buy-in at the low levels, indicating that there are still bullish investors. I'm also waiting to buy around 86800.
ETH at this position is really tempting, might as well give it a try.
I'm just worried about a trend reversal; I've seen too many rebounds like this...
Not having a volume spike to dump is indeed a good sign, quite interesting.
Stick to the bullish mindset, and there's still profit to be made.
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PrivateKeyParanoia
· 8h ago
A bit hesitant, are you? Do you really dare to buy the dip at the 86,800 level? It feels like it might break further.
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ForkTongue
· 8h ago
There are really many people taking over at low levels, the bears are scared now.
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SolidityNewbie
· 9h ago
It's the same old story... accumulation at low levels, building momentum, healthy correction—sounds very comfortable, right? Haha
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GasFeeSurvivor
· 9h ago
Is this the same old routine of breaking through, pulling back, and confirming again? Can it really hold up? I don't really believe it, haha.
Bitcoin experienced a technical correction after surging to $90,400, with a low of around $86,800. From the overall correction rhythm, it remains relatively stable, with no signs of emotional panic selling. This appears to be a healthy pullback for accumulation rather than a trend reversal signal.
The market's stability can be felt from the performance of the capital flow. During the correction, there was no significant increase in selling volume, and buyers are still absorbing at lower levels, indicating that participants have a strong consensus on this price range. The momentum of short-term bears is gradually diminishing, which creates the necessary conditions for the bulls to continue.
From a technical perspective, the four-hour candlestick quickly rebounded after touching the lower Bollinger Band, and the support below remains effective. The price then re-entered the middle band area. A key detail is that the critical level of $90,400, which was previously broken through, was not effectively broken down. The overall trend follows a typical breakout–retreat–confirmation pattern, with the bulls still in the accumulation phase.
From a trading standpoint:
BTC can consider going long around $86,800–$86,200, with targets in the $88,000–$89,500 range.
ETH has a bullish opportunity near $2,850–$2,900, with targets at $2,980–$3,050.