The patterns of red and green candlesticks in the market will eventually follow certain rules. Don't let short-term fluctuations manipulate your emotions, and don't let greed and fear dictate your pace. Enter with idle funds, maintain your stop-loss and take-profit levels, avoid chasing rallies and blindly following the crowd. Moving slowly and steadily can actually help you go further. After rebounding from the low of 87,267, Bitcoin has now reached a high of 90,592. Similarly, after rebounding from the low of 2,784, Ethereum has now reached a high of 3,045. The pullback demand is clear! The daily strategy for Changsheng was to go short on Bitcoin and go long on two positions, gaining over 3,267 points of space! Ethereum was also positioned simultaneously, gaining over 119 points of space!


Today’s market continues its strong trend, with Bitcoin successfully breaking through the key resistance level of $89,000. It is currently trading around $89,700, maintaining a volatile upward trend overall. Ethereum also shows strong momentum, breaking through the psychological barrier of $3,000 and now trading around $3,030, with its technical structure remaining in a complete upward channel. The daily chart clearly shows an upward channel, with moving averages in a bullish alignment. On the 4-hour chart, RSI is around 65, indicating that buying pressure still dominates but has not yet entered overbought territory. Volume increased simultaneously with the breakout, confirming the validity of the breakout. Regarding key technical signals, Bitcoin has completed a pullback confirmation after breaking through $89,000, and the short-term technical structure favors bulls. Continuous net inflows into ETFs and sustained institutional buying provide ongoing support; the put/call ratio in the options market is rising, reflecting overall market optimism. If Bitcoin can hold above $89,500, the next target zone could be around $90,500–$91,000.
Trading suggestions:

Bitcoin around 88,800, target to 92,000
Ethereum around 2,950, target up to 3,200

$BTC $ETH #金价突破5200美元
BTC0,14%
ETH0,24%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)