Last night's market movement was indeed quite aggressive. Bitcoin briefly surged to $94,478, and Ethereum also broke through to around $3,383. Trading volume clearly increased, indicating that the bulls' momentum has indeed returned. The upward drive mainly comes from optimistic expectations about the Federal Reserve's policies, along with technical breakout confirmations.



However, there's a point to watch out for — short-term technical indicators are already in overbought territory. This usually means the market might need a pause or consolidation before continuing higher. So at the current price levels, I wouldn't recommend chasing the rally directly.

**Trading Strategy for Bitcoin:**

From the 4-hour chart, the Bollinger Bands are opening upward, confirming a bullish arrangement. But the RSI and other indicators on the hourly chart show overbought conditions, indicating a strong short-term correction might be needed. The safest approach is to wait for the price to retrace to the support zone around $93,600–$93,800 before taking a small long position. If the decline is more aggressive, you can build a position in batches near the strong support at $92,800–$93,000. Set stop-loss below $92,500, with targets at $94,500 and $95,000.

If the price consolidates and then volume breaks through the Asian session high of $94,500, the upside potential will open up, possibly heading directly toward $95,000 or even $96,000.

**Ethereum Perspective:**

The trend is basically following Bitcoin, with similar strength. But the 4-hour indicators also show overbought conditions, suggesting there could be significant short-term pullback pressure.

The core idea remains to buy on dips. Watch for opportunities around the support zone of $3,230–$3,250. For a more conservative approach, entering around $3,180–$3,200 is preferable. Set stop-loss below $3,150, with targets at $3,350–$3,380.

For more aggressive traders with enough experience, if you see signs of stagnation at the strong resistance zone of $3,380–$3,430 (such as long upper shadows), consider taking a small short position. Be sure to set strict stop-loss within $30–$50, with a target around $3,300.

**Overall Market Rhythm:**

After a strong breakout, the short-term trend remains bullish, but the risk of technical correction cannot be ignored. The main trading approach is to buy on dips and avoid chasing highs. The truly prudent strategy is to patiently wait for the price to return to key support levels before entering.

A reminder: operate with small positions, and ensure stop-loss and take-profit levels are properly set.
BTC2.92%
ETH6.05%
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
  • 6
  • Repost
  • Share
Comment
0/400
WagmiAnonvip
· 2h ago
94478 directly chasing probably has your intestines regretfully turned green now haha --- Be cautious about overbought conditions. Last time, I ignored the advice and ended up getting hammered back. --- Light positions, light positions, light positions. This phrase needs to be said three times. --- If the 92800 support can't hold, what should we do? Will it really drop below 92? --- Ethereum's recent follow-up moves are nothing special. Let's wait for a pullback. --- It feels like we're about to enter sideways consolidation again. No rush, no rush. --- Setting a stop-loss and sleeping comfortably is good. Not setting a stop-loss is like suicide. --- 96000? That's a bit daring to think about, but let's talk about it after breaking 94500. --- Chasing high now is just capital being held by the leek, I choose to wait. --- I've already set up at 3200, just waiting for the drop to warm my stop-loss.
View OriginalReply0
ChainComedianvip
· 2h ago
94478? Bro, this move is really intense. I didn't even react before it shot up. But this overbought signal really can't hold, a pullback is the better entry point. Wait, will the support at 92800 break directly? Need to be more cautious. ETH is following the trend as usual, feels like it could drop easily. I'll wait until around 3200 to decide, no need to rush.
View OriginalReply0
MEVHunterNoLossvip
· 2h ago
Oh no, it's overbought again. This time I really have to hold back and not chase the high. I'm watching the 94500 level. If it can't break through, I have to wait for a pullback. Keep a light position, always keep some bullets. Pull back to 93600 before going up? I bet it will be more aggressive. Ethereum is a bit tired of following the trend, feels not as strong as BTC. I'll only act seriously below 3200. Experienced traders can indeed try shorting, but I'm still a rookie, better to stay cautious. This wave of rise was too fast, it's exhausting.
View OriginalReply0
GasBankruptervip
· 2h ago
It's that time again to chase the highs, I knew I was going to lose everything again haha --- 94k is really a bit crazy, who can withstand this wave of gains, it’s impossible to stop --- Overbought is overbought anyway, I’ve already fully committed, so I might as well go all in --- Waiting for a pullback? Wake up, brother, this round of the market won't give you that chance --- Stop-loss? I never set that thing, either I make a fortune or lose everything --- Listening to you is never wrong, lost another two months’ salary --- Why always keep a small position? Isn’t going all-in more exciting? --- If it breaks below 3150, I’ll quit the scene, I’m out of money anyway --- I was planning to buy low, but it shot straight up to 96k, now I can only eat dirt --- Light position trading? Do you think I have the same capital as you?
View OriginalReply0
ClassicDumpstervip
· 2h ago
94478 this level is really a bit dangerous, but there are still quite a few people chasing after such obvious overbought signals... gotta have some patience. --- Always talking about light positions, saying it lightly, but when it’s time to bottom fish, isn’t it just a full send? --- Wait for a retracement to 93600 before entering? I think it’s uncertain, 92800 is the real support. --- Ethereum’s follow-up ability is really strong, but this wave doesn’t seem to have much room to rise. --- Aggressively short at 3380? Bro, stop-loss at 30 bucks... isn’t that just gambling? --- Wait and see, don’t rush to get in, it feels like there will be more fluctuations later.
View OriginalReply0
GasGasGasBrovip
· 3h ago
94K is indeed tempting, but I still prefer to wait for a pullback before entering. Chasing highs is really something to avoid. --- Overbought in this wave, short-term consolidation is inevitable. Don't be fooled by the surge. --- Is the bulls' fire back? I always feel like it's a trap to go long haha, let's wait and see. --- Strict stop-loss, small positions—these two are the essence, everything else is just talk. --- Exactly right, 93600-93800 is the entry point. Those who enter now can only wait to be cut. --- BTC has surged aggressively this wave, but RSI is already overbought. A technical correction is unavoidable. --- ETH is following the trend, but this move isn't attractive. Better to wait for a correction and then reassess. --- I understand this rhythm now: don't be greedy, waiting for the right opportunity is more important than anything. --- 94K looks good, but my stop-loss is already set. Trading requires discipline. --- Chasing the high after a surge really needs to change; I've already suffered too many losses.
View OriginalReply0
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)