Bitcoin has bounced after testing support; pay close attention to the momentum behind this low-level rebound.
Patience is key in trading: wait for opportunities rather than blindly chasing the market. Understand the trend structure before entering a trade to avoid many unnecessary losses.
The one-hour candlestick chart closed with a strong bullish candle, officially kicking off the rebound. Buying support at lower levels is strong, and short-term bulls are in control. A quick review of the evening session: Bitcoin found support and rebounded from a low of 80393, while Ethereum also recovered in tandem with the broader market.
One-hour chart:
The Bollinger Bands have turned upward and are opening out. The price is holding above the middle band, with a high-volume bullish candle driving it higher. Buying support at the bottom is strong, short-term bullish momentum is building, and the market's center of gravity is gradually moving up. The middle Bollinger Band should provide support on a pullback.
4-hour chart:
The price has stopped falling and stabilized at a support level near the bottom, forming a series of bullish recovery candles. It is gradually absorbing the selling pressure from the bears, and is currently testing resistance at the middle Bollinger Band. If the price can hold at its current level, there may be room for further upside. Keep monitoring the strength of buying support in the candlesticks.
Trading strategy:
Bitcoin: Go long around 82600, target 84200, stop-loss 82100
ETH: Go long around 2460, target 2560, stop-loss 2420
If you'd like to track market movements in real time and adjust your risk management plan, come join us in the chatroom to discuss the market! $BTC $ETH
#Vitalik警告AI或将加速削弱密码学安全
#IMF称代币化市场仍小且碎片化
Patience is key in trading: wait for opportunities rather than blindly chasing the market. Understand the trend structure before entering a trade to avoid many unnecessary losses.
The one-hour candlestick chart closed with a strong bullish candle, officially kicking off the rebound. Buying support at lower levels is strong, and short-term bulls are in control. A quick review of the evening session: Bitcoin found support and rebounded from a low of 80393, while Ethereum also recovered in tandem with the broader market.
One-hour chart:
The Bollinger Bands have turned upward and are opening out. The price is holding above the middle band, with a high-volume bullish candle driving it higher. Buying support at the bottom is strong, short-term bullish momentum is building, and the market's center of gravity is gradually moving up. The middle Bollinger Band should provide support on a pullback.
4-hour chart:
The price has stopped falling and stabilized at a support level near the bottom, forming a series of bullish recovery candles. It is gradually absorbing the selling pressure from the bears, and is currently testing resistance at the middle Bollinger Band. If the price can hold at its current level, there may be room for further upside. Keep monitoring the strength of buying support in the candlesticks.
Trading strategy:
Bitcoin: Go long around 82600, target 84200, stop-loss 82100
ETH: Go long around 2460, target 2560, stop-loss 2420
If you'd like to track market movements in real time and adjust your risk management plan, come join us in the chatroom to discuss the market! $BTC $ETH
#Vitalik警告AI或将加速削弱密码学安全
#IMF称代币化市场仍小且碎片化