The intraday range continues to narrow, waiting for a new breakout direction
View Original
K-LineLifeTommy
|Hot News| 1: [Bitwise CIO: Bitcoin returns may steadily rise over the next decade, but "explosive" growth is unlikely] 2: [Strategy: Building a $2.2 billion cash reserve, shifting strategy to a defensive mode]
⛔⛔⛔How do Bitcoin and Ethereum look today? With the US stock market closed on Saturday and Sunday, market liquidity remains low, and price fluctuations are still relatively small. The 4-hour and 12-hour charts are narrowing, even as Bitcoin faces its largest liquidation day in history, it hasn't caused significant market volatility. Bitcoin continues to trade sideways in the 87,200-88,000 range, with intraday volatility under 1,000 points. Ethereum is also hovering between 2,920 and 2,960, with intraday fluctuations less than 50 points. Fortunately, heavy positions are not at risk of liquidation. The awkward part is that the intraday trading space is too small, so on Friday, Tommy advised everyone to wait unless at key levels. Therefore, on Saturday and the weekend, everyone chose to relax and rest. The 3,000-point level has still not been broken. Last week, I repeatedly pointed out that 2,970 is the current short-term resistance. Currently, the entire market is affected by gold inflows, and overall liquidity remains weak. Bitcoin is also in a phase of accumulation, with no clear trend signals.
⛔⛔⛔BTC: Bitcoin's current support zone is 86,600-84,450, with resistance at 88,800-89,900. Today, Monday, trading in Bitcoin is relatively simple. After testing support and stabilizing, you can take a small long position. If the rebound reaches resistance but does not break through, it’s best to defend with insufficient volume. Short positions are also a good choice. BTC resistance levels (as shown below) BTC support levels (as shown below)
⛔⛔ETH: Ethereum's support zone is 2,780-2,880, with resistance at 2,970-3,030. Today's Ethereum trading is also in sync with Bitcoin. During the consolidation phase, with structural narrowing of the market, there are no strong breakout signals. If the price tests support and does not break through, low buy-in is appropriate. If the rebound reaches resistance but does not break through, and volume is lacking, reduce positions and wait for a second test to buy again.
⛔⛔⛔One sentence summary of today's intraday trading: Market liquidity is low, and prices continue to consolidate sideways. Take small profits and move on—don't be greedy. Avoid being washed out by sideways fluctuations; wait for a new trend to erupt so you won't panic. Therefore, buying at support and selling at resistance with small gains is the safest rhythm today. Intraday liquidation map (as shown below). Today's market is quite relaxed, making it a good time to practice basic skills, learn more technical analysis, and build patience. Only when a real breakout occurs can you hold your position without panic.
I am Tommy, a trader and practitioner in the Web3 space, here to support you. If you want real-time key entry points and personalized strategies, click on my profile to join the community. We have professional trading instructors available around the clock to help you stay calm and avoid struggling alone. #BTC #ETH
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.
The intraday range continues to narrow, waiting for a new breakout direction
1: [Bitwise CIO: Bitcoin returns may steadily rise over the next decade, but "explosive" growth is unlikely]
2: [Strategy: Building a $2.2 billion cash reserve, shifting strategy to a defensive mode]
⛔⛔⛔How do Bitcoin and Ethereum look today? With the US stock market closed on Saturday and Sunday, market liquidity remains low, and price fluctuations are still relatively small. The 4-hour and 12-hour charts are narrowing, even as Bitcoin faces its largest liquidation day in history, it hasn't caused significant market volatility. Bitcoin continues to trade sideways in the 87,200-88,000 range, with intraday volatility under 1,000 points. Ethereum is also hovering between 2,920 and 2,960, with intraday fluctuations less than 50 points. Fortunately, heavy positions are not at risk of liquidation. The awkward part is that the intraday trading space is too small, so on Friday, Tommy advised everyone to wait unless at key levels. Therefore, on Saturday and the weekend, everyone chose to relax and rest. The 3,000-point level has still not been broken. Last week, I repeatedly pointed out that 2,970 is the current short-term resistance. Currently, the entire market is affected by gold inflows, and overall liquidity remains weak. Bitcoin is also in a phase of accumulation, with no clear trend signals.
⛔⛔⛔BTC: Bitcoin's current support zone is 86,600-84,450, with resistance at 88,800-89,900. Today, Monday, trading in Bitcoin is relatively simple. After testing support and stabilizing, you can take a small long position. If the rebound reaches resistance but does not break through, it’s best to defend with insufficient volume. Short positions are also a good choice. BTC resistance levels (as shown below) BTC support levels (as shown below)
⛔⛔ETH: Ethereum's support zone is 2,780-2,880, with resistance at 2,970-3,030. Today's Ethereum trading is also in sync with Bitcoin. During the consolidation phase, with structural narrowing of the market, there are no strong breakout signals. If the price tests support and does not break through, low buy-in is appropriate. If the rebound reaches resistance but does not break through, and volume is lacking, reduce positions and wait for a second test to buy again.
⛔⛔⛔One sentence summary of today's intraday trading: Market liquidity is low, and prices continue to consolidate sideways. Take small profits and move on—don't be greedy. Avoid being washed out by sideways fluctuations; wait for a new trend to erupt so you won't panic. Therefore, buying at support and selling at resistance with small gains is the safest rhythm today. Intraday liquidation map (as shown below). Today's market is quite relaxed, making it a good time to practice basic skills, learn more technical analysis, and build patience. Only when a real breakout occurs can you hold your position without panic.
I am Tommy, a trader and practitioner in the Web3 space, here to support you. If you want real-time key entry points and personalized strategies, click on my profile to join the community. We have professional trading instructors available around the clock to help you stay calm and avoid struggling alone. #BTC #ETH