The market in the early session shows a stabilization and recovery after a shock decline. Bitcoin faced resistance around 70,400 and gradually moved downwards, with the market continuously oscillating lower. After a final dip to around 69,200, the bulls began to gradually regain control. Subsequently, the price underwent technical correction at lower levels and has now returned to consolidate near 69,500. Ethereum's movement largely follows the same pattern, dropping from around 2,060 to a low of 2,016 before rebounding. It is currently fluctuating above 2,025. Overall, the morning decline is more of a short-term structural adjustment rather than a trend reversal. The market never ends opportunities because of a single retracement; on the contrary, each oscillation and consolidation is preparing for the next phase. Mature traders are not swayed by short-term volatility but instead refine their rhythm through repeated adjustments, allowing their judgment and execution to gradually mature over time.



From the current market perspective, Bitcoin on the four-hour chart remains in a range-bound pattern, with the 69,000 level forming a temporary support. The morning decline did not break this key support zone; instead, it showed signs of stabilization at lower levels. The hourly chart indicates the formation of a higher low structure, with bullish momentum gradually recovering. Attention should be paid to the resistance at the 70,000 level. Once a volume breakout occurs and the price stabilizes above this level, further upward movement is likely. For Ethereum, the 2,000 level remains an important short-term support zone. The market has tested this area multiple times, and the short-term structure also shows a rising oscillation pattern. As long as this support holds, the overall outlook remains positive for further recovery. The trading strategy should continue to favor low buy positions.

Currently, the market is still in the recovery phase after a retracement. As long as key supports are not broken, a low-buying approach remains the preferred trading strategy. Patience through oscillations and maintaining the structural integrity often leads to catching the real market opportunity.
BTC0.19%
View Original
post-image
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