11.2 Monday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations
A new week brings new challenges. Good morning, everyone! Looking back from the weekend to now, the market has rebounded from its lows and climbed in a choppy recovery. In the morning, two pullbacks to 77500 each formed a small lower wick, confirming support and showing no further decline. The bulls then rallied again, pushing the high to 7598, while ETH rose to 2297. Both tested key resistance near their previous highs.
Since early Sunday morning, the strategy has been clear: when a breakout occurs, follow the trend and go long. The BTC long position from Zhilan's live trading setup has gained 906 points, while ETH has also delivered a 23-point move. Understand the market signals and act on them; stick to your own trading system, and profits will naturally be secured steadily.
Overall, the market is showing the early formation of a bullish structure amid a choppy rebound. Daily chart: After several large bearish candles drove prices down, a lower wick formed and the pace of the decline slowed significantly. Small-bodied bullish candles are now appearing at the lows, and signs of a bottom and stabilization are gradually emerging. As long as the daily chart does not break below the key support at 74000, the bullish structure remains intact.
4-hour chart: After forming a double bottom, the price has not continued to make new lows. There are signs of stabilization, a base forming, and a potential rebound recovery. Bullish candles are also becoming more frequent. A confirmed breakout above resistance at 78600 would mark the start of a sustained upward move.
1-hour chart: The market is showing a clear, choppy advance. Pullbacks come with long lower wicks and are quickly followed by rallies, indicating steady progress. As long as pullbacks hold above the core support at 77500, the bulls could accelerate upward at any time.
BTC: Go long on a pullback into the 78000–77500 range; targets: 79500→80200
ETH: Go long on a pullback into the 2270–2250 range; targets: 2330→2355
$BTC
$ETH
$XAU
#币安已处理46.5亿美元提款
A new week brings new challenges. Good morning, everyone! Looking back from the weekend to now, the market has rebounded from its lows and climbed in a choppy recovery. In the morning, two pullbacks to 77500 each formed a small lower wick, confirming support and showing no further decline. The bulls then rallied again, pushing the high to 7598, while ETH rose to 2297. Both tested key resistance near their previous highs.
Since early Sunday morning, the strategy has been clear: when a breakout occurs, follow the trend and go long. The BTC long position from Zhilan's live trading setup has gained 906 points, while ETH has also delivered a 23-point move. Understand the market signals and act on them; stick to your own trading system, and profits will naturally be secured steadily.
Overall, the market is showing the early formation of a bullish structure amid a choppy rebound. Daily chart: After several large bearish candles drove prices down, a lower wick formed and the pace of the decline slowed significantly. Small-bodied bullish candles are now appearing at the lows, and signs of a bottom and stabilization are gradually emerging. As long as the daily chart does not break below the key support at 74000, the bullish structure remains intact.
4-hour chart: After forming a double bottom, the price has not continued to make new lows. There are signs of stabilization, a base forming, and a potential rebound recovery. Bullish candles are also becoming more frequent. A confirmed breakout above resistance at 78600 would mark the start of a sustained upward move.
1-hour chart: The market is showing a clear, choppy advance. Pullbacks come with long lower wicks and are quickly followed by rallies, indicating steady progress. As long as pullbacks hold above the core support at 77500, the bulls could accelerate upward at any time.
BTC: Go long on a pullback into the 78000–77500 range; targets: 79500→80200
ETH: Go long on a pullback into the 2270–2250 range; targets: 2330→2355
$BTC
$ETH
$XAU
#币安已处理46.5亿美元提款
