Bitcoin surged to 89179 in the early session but fell under pressure, hitting a low of 86628. After a brief stabilization and rebound, it failed to maintain the upward momentum; in the afternoon, it began a downward trend again from 87722, with the lowest point of the evening probing down to 86129. Both rounds of decline during the day did not break through the 86000-86600 range, where buying support is clear, laying a solid foundation for future movements. From the current market perspective, the daily bullish trend continues, with the candlestick chart maintaining a clear upward shape, abundant bullish momentum, and sustained upward potential being released. After sufficient oscillation and consolidation on the four-hour scale, the lows are gradually rising, forming a staircase-like upward structure with multiple bottom formations creating a strong support zone. Currently, it has completed energy accumulation to restart the upward movement, with short-term moving averages showing a golden cross and MACD expanding above the zero line, releasing positive signals from a technical standpoint. The intra-day surge and fall are normal adjustments for profit-taking from earlier gains, which have not shaken the bullish foundation. The steady upward movement on the daily chart, combined with the bottoming out and restarting on the four-hour chart, forms a multi-cycle resonance, solidifying the bullish pattern. Moving forward, a bullish mindset can be maintained, relying on key support for positioning, while strictly controlling positions and managing risk.
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Bitcoin surged to 89179 in the early session but fell under pressure, hitting a low of 86628. After a brief stabilization and rebound, it failed to maintain the upward momentum; in the afternoon, it began a downward trend again from 87722, with the lowest point of the evening probing down to 86129. Both rounds of decline during the day did not break through the 86000-86600 range, where buying support is clear, laying a solid foundation for future movements. From the current market perspective, the daily bullish trend continues, with the candlestick chart maintaining a clear upward shape, abundant bullish momentum, and sustained upward potential being released. After sufficient oscillation and consolidation on the four-hour scale, the lows are gradually rising, forming a staircase-like upward structure with multiple bottom formations creating a strong support zone. Currently, it has completed energy accumulation to restart the upward movement, with short-term moving averages showing a golden cross and MACD expanding above the zero line, releasing positive signals from a technical standpoint. The intra-day surge and fall are normal adjustments for profit-taking from earlier gains, which have not shaken the bullish foundation. The steady upward movement on the daily chart, combined with the bottoming out and restarting on the four-hour chart, forms a multi-cycle resonance, solidifying the bullish pattern. Moving forward, a bullish mindset can be maintained, relying on key support for positioning, while strictly controlling positions and managing risk.