1.13 Early Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing
Amidst the rise and fall of tides, the wise steer with composure, while followers always fall at the crest of waves, left struggling in the vortex. When the direction is correct but the market hasn't reached expectations, don't rush; keep going. Tonight, Bitcoin remained in a narrow range until the US stock market opened, then experienced a strong surge, rising from around 90060 to a high of about 92300. We maintained a strong bullish stance with pullback dips for long entries, setting up for subsequent positions. Bitcoin was suggested to enter long around 90172/3072, and to exit near 91784/3133 after the extension, gaining over 1600 points. Ethereum also gained over 61 points simultaneously. The long wait has finally perfectly met expectations. From the current market situation, the 4-hour chart shows that Bitcoin still has upward space, constantly testing resistance levels above. There was some attempt by traders to break this trend, but overall momentum remains weak. The recent rebound before a strong upward trend can be seen as a correction, providing an opportunity for continued rise. Currently, the ascending channel is expanding, with the mid and upper bands continuing to rise. The short-term market shows two consecutive bullish days, indicating that the short-term bullish trend will continue. On the 1-hour chart, after a series of downward candles and a low, there have been three consecutive bullish candles indicating a rebound trend. Although the resistance at the upper band is rising, the entire upward channel is fully open. Therefore, before a strong extension in the short term, it is recommended to focus on rebounds for subsequent positions. Bitcoin around 92000 to 91500 can be bought, watch for 93508. Ethereum around 3130 to 3100 can be bought, watch for 3200.
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.
1.13 Early Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing
Amidst the rise and fall of tides, the wise steer with composure, while followers always fall at the crest of waves, left struggling in the vortex. When the direction is correct but the market hasn't reached expectations, don't rush; keep going. Tonight, Bitcoin remained in a narrow range until the US stock market opened, then experienced a strong surge, rising from around 90060 to a high of about 92300. We maintained a strong bullish stance with pullback dips for long entries, setting up for subsequent positions. Bitcoin was suggested to enter long around 90172/3072, and to exit near 91784/3133 after the extension, gaining over 1600 points. Ethereum also gained over 61 points simultaneously. The long wait has finally perfectly met expectations.
From the current market situation, the 4-hour chart shows that Bitcoin still has upward space, constantly testing resistance levels above. There was some attempt by traders to break this trend, but overall momentum remains weak. The recent rebound before a strong upward trend can be seen as a correction, providing an opportunity for continued rise. Currently, the ascending channel is expanding, with the mid and upper bands continuing to rise. The short-term market shows two consecutive bullish days, indicating that the short-term bullish trend will continue. On the 1-hour chart, after a series of downward candles and a low, there have been three consecutive bullish candles indicating a rebound trend. Although the resistance at the upper band is rising, the entire upward channel is fully open. Therefore, before a strong extension in the short term, it is recommended to focus on rebounds for subsequent positions.
Bitcoin around 92000 to 91500 can be bought, watch for 93508.
Ethereum around 3130 to 3100 can be bought, watch for 3200.