1.3 Friday's latest Bitcoin and altcoin strategies: Fixing the repetitive cycle of market sentiment, the oscillation pattern remains tightly locked. Over the past two weeks, both bulls and bears have been trading back and forth, pulling and tugging continuously. We have also been taking advantage of high and low positions to steadily accumulate. Yesterday, our Dodan made another move! Yesterday saw a slight rally, but it still failed to form an effective continuation trend. The 89,000 level for Bitcoin and the 3,000 mark for Ethereum are both strong resistance zones. The current rebound momentum is still insufficient to break through. From detailed market analysis, the market is currently under pressure and in a declining state, with the rebound strength already waning. On the four-hour chart, although a bottoming rebound with consecutive bullish candles has formed, the upward push is limited. Selling pressure above continues to increase, and the upper shadows of the candlesticks are lengthening, indicating a clear sign of a pullback after a rally. Looking at the one-hour chart, multiple attempts to test the upper Bollinger Band resistance have all ended prematurely, with the rebound strength falling short of expectations. Bitcoin at 89,000-90,000, → Altcoin at around 3,000-3,050, → Personal opinion, for reference only, not investment advice!

BTC2.02%
ETH1.39%
View Original
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
English
  • 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)