Yesterday's price trend, although there wasn't much room for ups and downs, the conversion between bulls and bears was quite frequent with no continuity whatsoever. After two failed attempts to break the high yesterday, it fell under pressure, indicating that recent price action has been in a consolidation tug-of-war with no obvious directional signal. In yesterday's live trading, we were very clear and transparent - pullbacks present opportunities. Bitcoin entered multiple times in ambush positions, taking down a total of 2300 points, Ethereum took around 90+ points. The space captured wasn't very large, but we did increase our positions significantly.



As mentioned before, the market hasn't changed and remains in a consolidation rhythm. Although the market has gone back and forth, it ultimately returned to the bottom trend. Slight pullbacks are the best opportunities. Let's look at the short-term trend for now. From the short-term structure, we can see that market tug-of-war conversions are very frequent. However, as the support levels below continue to rise, pullbacks have difficulty creating impact. Although recent highs haven't continued upward, with the bottom continuously rising, the pullback space is shrinking, so the upward movement of the highs is just a matter of time. On smaller timeframes, the coin price has been consolidating within a narrow range for some time, and the accumulation phase is basically complete. The coin price's breakout point is coming soon - watch for sustained upside breakout of the range.

Early this morning Bitcoin 70000 to 69500+, targeting 71500; Ethereum 2055 to 2020+, targeting 2135.#Gate广场AI测评官
ETH3%
BTC2,82%
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
Add a comment
Add a comment
No comments
  • Pin