#战略性加仓BTC Bitcoin pulls back after rising, Ethereum gets stuck again at the 3000 level—this repeated pattern has left the bulls exhausted.



Yesterday, BTC tried to reach around 90400 intraday but lost momentum, then plunged straight down to 86760. By the evening US session, it was quietly consolidating between 87000 and 88000 with little change. ETH's situation was similar; it rebounded to 3060 during the day but was met with cold resistance, wiping out the gains. In the evening, it was stuck oscillating in a narrow range of 2900–2950 with little movement.

From a macro perspective, there’s no significant news catalyst; mainly, the routine pullback was triggered by outflows from on-chain ETF funds. Technically, it’s even more interesting—although BTC and ETH daily Bollinger Bands are still flat, the narrowing signs are very clear, and the volatility range is further compressed, indicating a trend reversal is imminent. The RSI on the 4-hour and hourly charts has been in oversold territory for a while, suggesting limited downside and a potential rebound correction. However, the 4-hour MACD remains weakly bearish with slight volume expansion, and both the daily and 4-hour moving averages are pressing down on the price, capping the rebound.

In the short term, this weak consolidation is likely to continue. For BTC, the 88000 level on the 4-hour midline can be seen as a recent resistance. If the rebound is strong enough, it might push toward 89000 again. On the downside, watch the support around the 86500–86000 zone on the 4-hour lower band.
BTC-2,01%
ETH-1,23%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
LightningAllInHerovip
· 6h ago
Here we go again... Bollinger Bands narrowing, RSI oversold, moving averages pressing down—these technical analysis methods are discussed every day, but the coins still feel so frustrating.
View OriginalReply0
OnchainHolmesvip
· 6h ago
It's the same routine again—Bollinger Bands narrowing, RSI oversold, moving averages pressing down. After all this talk, the bottom line is—continue to fluctuate. Resistance at 88000, support at 86000. We've heard it so many times our ears are calloused, but we still don't know when the trend will truly change.
View OriginalReply0
OldLeekConfessionvip
· 6h ago
It's the same trick again—rising sharply and then plunging, with the bulls repeatedly getting caught. I really can't hold on anymore.
View OriginalReply0
LiquidationWatchervip
· 6h ago
Here comes the same Bollinger Bands narrowing trick again, claiming that a trend reversal is imminent every day, but the market is still sideways and stagnant. The issue of ETH hitting 3000 is really incredible; the bulls have been exhausted. The resistance level at 88000 cannot be broken, and they dare not push below 88500. I advise everyone not to mess around with this market anymore.
View OriginalReply0
DefiPlaybookvip
· 6h ago
Based on on-chain data, ETF net outflows are indeed the main trigger for this wave of pullback, but it is worth noting that the RSI oversold zone has persisted for a considerable period, and the rebound repair demand is obvious—From three dimensions, Bollinger Band narrowing, moving average resistance, and MACD slight increasing volume form a typical weak consolidation pattern.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)