Morning market again shows a slight pullback. After testing below 67,000, Bitcoin did not continue further. The overall market remains in a consolidation phase. Looking at the four-hour chart, the small candlesticks have been moving sideways without showing any clear breakout signals, and there is no substantial breakdown signal. The consolidation range continues, waiting for a breakout to clarify the main trend. Currently, 67,000 remains at the bottom of the range, and short-term long positions can still be attempted for intraday profits. The early session's closing price indicates a slight pullback, which also provides us with an entry opportunity. In the short term, focus on 68,200 and 69,000 on the upside.



Regarding Ethereum, it has not formed a solid candlestick pattern consecutively and is currently in a phase of accumulation and volume buildup. The midline remains unbroken, indicating bullish volume expansion signals. However, on a larger cycle, do not hold overly optimistic expectations. Watch the resistance at 2080-2100 and seize opportunities to take profits. There is still room for short positions at higher levels. Currently, it is at a short-term consolidation point, so in short-term trading, focus on the range of 2000-2080 for high shorts and low longs.
BTC-2.47%
ETH-4.97%
View Original
post-image
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

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