Last night's market movement was quite interesting. Bitcoin once dropped to around 87,800, which made many people a bit anxious. However, the bottom support held, and it then rebounded to around 88,400, testing the water repeatedly. Ethereum's performance was similar, dropping to 2,941 before gathering strength, without breaking further.
From a technical perspective, Bitcoin is currently oscillating within a range, and on the four-hour chart, it remains above the middle band of the Bollinger Bands with a bullish close. Although there were several attempts to test below the middle band, each was quickly rebounded, indicating that bullish sentiment is still present. The short-term outlook remains bullish.
For trading suggestions, Bitcoin can be considered for long positions in the 87,800-87,300 range, with initial targets around 89,000-90,500. Ethereum follows a similar logic, positioning around 2,950-2,930, with a target of 3,030. The rebound space this time should still be quite sufficient, as long as support is maintained and not broken.
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LuckyHashValue
· 8h ago
Well, this support level is indeed solid enough, no wonder I dare to increase my position.
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IronHeadMiner
· 9h ago
87800 That wave, I directly bought the dip. I've long believed that this support level wouldn't break.
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ForkMaster
· 9h ago
As long as the support hasn't broken, the bulls are defending the market. I've been playing this logic for a long time. But to be fair, that wave at 87,800 was indeed a good entry point. That's how I made my third child's milk powder money.
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SmartContractPhobia
· 9h ago
As long as the bottom isn't broken, it's a signal. This rebound indeed has potential.
#战略性加仓BTC $BTC $ETH
Last night's market movement was quite interesting. Bitcoin once dropped to around 87,800, which made many people a bit anxious. However, the bottom support held, and it then rebounded to around 88,400, testing the water repeatedly. Ethereum's performance was similar, dropping to 2,941 before gathering strength, without breaking further.
From a technical perspective, Bitcoin is currently oscillating within a range, and on the four-hour chart, it remains above the middle band of the Bollinger Bands with a bullish close. Although there were several attempts to test below the middle band, each was quickly rebounded, indicating that bullish sentiment is still present. The short-term outlook remains bullish.
For trading suggestions, Bitcoin can be considered for long positions in the 87,800-87,300 range, with initial targets around 89,000-90,500. Ethereum follows a similar logic, positioning around 2,950-2,930, with a target of 3,030. The rebound space this time should still be quite sufficient, as long as support is maintained and not broken.