Bitcoin surges, and the people on the bus are laughing uncontrollably, while those not on the bus are anxiously patting their thighs, asking everyone "Can it still go up?"; when Bitcoin pulls back, those on the bus immediately panic, fearing this is the top and a sharp decline, while those out of the market hesitate and count on their fingers, wondering "How much does it need to fall before I can enter?" After testing the support level of 90,000 again in the evening and briefly touching a low of 90,022 before rebounding, it rebounded again in the early morning to around 92,299. Ethereum's trend is consistent with Bitcoin, supported at 3061 after a pullback, and it rose again in the early morning, reaching a high of 3145. After falling more than 2000 points from its high, Bitcoin recovered over 2000 points again. This market seems to be shaking out traders, but as mentioned in our daily analysis, the key support level of 90,000 remains intact, and as long as it is not broken, the upward potential remains. The evening's perfect validation saw Bitcoin reaching 90,400 with a long position, directly hitting 92,000, gaining over 1,600 points. Ethereum's long position at 3080 reached 3130, gaining over 50 points. All levels, strategies, and directions were disclosed in advance; if you can't keep up, you'll only have to regret and sigh.
From the current structure, in the short-term cycle, the coin price is entering an adjustment trend after a surge and pullback, and currently, this correction is based on a price correction trend rather than a trend reversal. A trend reversal means the price falls and never bounces back, while a correction means it can still be pulled up after falling. Recently, Bitcoin has experienced multiple instances of rapid pullbacks after surges, but these dips have not changed the overall upward rhythm, and each correction has returned to an upward trend. At present, the pullback is also limited. The short-term support at 90,000 remains effective, and the current fluctuation range is just slightly expanded. As long as there is no deep retracement or continuous counter-movement in the short term, it is not enough to form a reversal. We will continue to adopt a preparatory stance; after the pullback and accumulation, the price is expected to rise again. The market outlook remains bullish, expecting a short-term breakout above previous highs.
On Tuesday early morning, Bitcoin around 90,800-90,600 can be longed, with the target still focusing on a breakout of 93,000. Ethereum around 3060-3080 can be longed, with the target first focusing on 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.
Bitcoin surges, and the people on the bus are laughing uncontrollably, while those not on the bus are anxiously patting their thighs, asking everyone "Can it still go up?"; when Bitcoin pulls back, those on the bus immediately panic, fearing this is the top and a sharp decline, while those out of the market hesitate and count on their fingers, wondering "How much does it need to fall before I can enter?" After testing the support level of 90,000 again in the evening and briefly touching a low of 90,022 before rebounding, it rebounded again in the early morning to around 92,299. Ethereum's trend is consistent with Bitcoin, supported at 3061 after a pullback, and it rose again in the early morning, reaching a high of 3145. After falling more than 2000 points from its high, Bitcoin recovered over 2000 points again. This market seems to be shaking out traders, but as mentioned in our daily analysis, the key support level of 90,000 remains intact, and as long as it is not broken, the upward potential remains. The evening's perfect validation saw Bitcoin reaching 90,400 with a long position, directly hitting 92,000, gaining over 1,600 points. Ethereum's long position at 3080 reached 3130, gaining over 50 points. All levels, strategies, and directions were disclosed in advance; if you can't keep up, you'll only have to regret and sigh.
From the current structure, in the short-term cycle, the coin price is entering an adjustment trend after a surge and pullback, and currently, this correction is based on a price correction trend rather than a trend reversal. A trend reversal means the price falls and never bounces back, while a correction means it can still be pulled up after falling. Recently, Bitcoin has experienced multiple instances of rapid pullbacks after surges, but these dips have not changed the overall upward rhythm, and each correction has returned to an upward trend. At present, the pullback is also limited. The short-term support at 90,000 remains effective, and the current fluctuation range is just slightly expanded. As long as there is no deep retracement or continuous counter-movement in the short term, it is not enough to form a reversal. We will continue to adopt a preparatory stance; after the pullback and accumulation, the price is expected to rise again. The market outlook remains bullish, expecting a short-term breakout above previous highs.
On Tuesday early morning, Bitcoin around 90,800-90,600 can be longed, with the target still focusing on a breakout of 93,000. Ethereum around 3060-3080 can be longed, with the target first focusing on 3200.