9.25 Evening Bitcoin and Ethereum Market Analysis
In the afternoon, the BTC chart first continued the early-session pullback trend, falling to around 83,700. It then briefly stabilized at that level before starting another rebound and recovery. Just now, a significant increase in volume accompanied the breakout, pushing directly through the 85,000 mark. However, it soon faced resistance and pulled back around 85,200.
On the ETH side, the rebound driven by high-volume activity is also extremely strong. It rebounded rapidly from the low around 2,670 to the 2,740 area. Our afternoon read on ETH is, for now, basically completed.
Currently on the 1-hour timeframe, BTC has broken above short-term resistance along the upper Bollinger Band, with volume also moving in sync. But the selling pressure at higher levels should not be underestimated. It quickly pushed BTC back to around 84,600 and even formed a “shooting star” candle. In the evening, don’t blindly chase gains. First, wait for a modest pullback toward the Bollinger middle band for potential support opportunities. Pay close attention to the strength of the rebound/acceptance during the pullback. As long as support is not effectively broken, BTC’s uptrend still has room to continue. If the prior high breaks again with increased volume, then we can continue to look above the 86,000 level. For ETH, we also look toward around 2,780. $BTC #以太坊突破2700美元 $ETH
In the afternoon, the BTC chart first continued the early-session pullback trend, falling to around 83,700. It then briefly stabilized at that level before starting another rebound and recovery. Just now, a significant increase in volume accompanied the breakout, pushing directly through the 85,000 mark. However, it soon faced resistance and pulled back around 85,200.
On the ETH side, the rebound driven by high-volume activity is also extremely strong. It rebounded rapidly from the low around 2,670 to the 2,740 area. Our afternoon read on ETH is, for now, basically completed.
Currently on the 1-hour timeframe, BTC has broken above short-term resistance along the upper Bollinger Band, with volume also moving in sync. But the selling pressure at higher levels should not be underestimated. It quickly pushed BTC back to around 84,600 and even formed a “shooting star” candle. In the evening, don’t blindly chase gains. First, wait for a modest pullback toward the Bollinger middle band for potential support opportunities. Pay close attention to the strength of the rebound/acceptance during the pullback. As long as support is not effectively broken, BTC’s uptrend still has room to continue. If the prior high breaks again with increased volume, then we can continue to look above the 86,000 level. For ETH, we also look toward around 2,780. $BTC #以太坊突破2700美元 $ETH
