Bitcoin/Ethereum broke out of the triangle consolidation pattern and successfully retested after days of sideways movement, turning bullish. The price remains stable above the retest zones at 91500 and 3250, indicating strong buying support and confirming the breakout. As long as the price stays above the trendline and maintains higher lows, the upward momentum may continue.
The price still has the potential to challenge the next resistance level. If it can continue to break through that area, the bullish trend will be further solidified. Before the early morning data is released, monitor the retest strength. Support levels are around 91000 to 91500 and 3250 to 3280. As long as the support holds, the bullish trend remains intact.
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/Ethereum broke out of the triangle consolidation pattern and successfully retested after days of sideways movement, turning bullish. The price remains stable above the retest zones at 91500 and 3250, indicating strong buying support and confirming the breakout. As long as the price stays above the trendline and maintains higher lows, the upward momentum may continue.
The price still has the potential to challenge the next resistance level. If it can continue to break through that area, the bullish trend will be further solidified. Before the early morning data is released, monitor the retest strength. Support levels are around 91000 to 91500 and 3250 to 3280. As long as the support holds, the bullish trend remains intact.