The weekly market performance unfolded as expected, with Bitcoin successfully breaking through the previously mentioned resistance level of 94,000. Last night, the trading volume increased significantly, and the leading cryptocurrency surged strongly to around 96,000. Although the process was turbulent, this upward trend is indeed worth following.
From a technical perspective, short-term, Bitcoin is expected to retest the 92,800-94,000 range as support for confirmation. If the trend continues to remain strong, the bearish pressure may gradually ease, and there is a possibility of sideways consolidation within the 94,800-96,800 range. Based on the current momentum, there is an opportunity to continue pushing higher towards the 100,000 mark before the end of the month.
In terms of strategy, the previously established long position at 91,300 remains held without changes. Once a retest opportunity occurs, consider adding to the position moderately to reduce the average cost. Regarding altcoins, ZKP was opened at 0.151, with a strategy to add on dips to average down; if no dip occurs, treat it as an opportunity to collect trading fees.
Ethereum, as a representative of the ecosystem, also warrants close attention to its correlation with Bitcoin. The market pace has clearly accelerated, and accurately grasping support and resistance levels is crucial.
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NotGonnaMakeIt
· 6h ago
It's already at 96,000, and you're still talking about technical analysis? Just jump in and buy already, haha.
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MetaMaskVictim
· 8h ago
94,000 has been broken, and this time I really feel like pushing for 100,000.
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Adding more is to want to buy, but I'm still a bit scared now, after all, the volatility is so high.
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This ZKP altcoin dropped again, really heartbreaking.
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Wait for a pullback before getting in, or else you'll keep chasing highs and get caught.
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Ethereum can't keep up with BTC's pace, what's going on?
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This pace has indeed accelerated, the market is crazy.
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LayerZeroHero
· 8h ago
This technical validation of breaking 94,000 is indeed valid, and the actual data supports continuing to look bullish.
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ChainWallflower
· 8h ago
Breaking below 94,000 so smoothly, it feels like the main force is collecting chips.
It's not too late to follow now, pushing to 100,000 by the end of the month doesn't seem like a pipe dream.
The ZKP level is indeed tempting, just waiting for a dip to buy the opportunity.
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NFTPessimist
· 8h ago
96,000 is still struggling with these support and resistance levels. Does anyone really manage to buy the dip precisely?
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Adding more? Bro, I immediately cut my losses when the price reversed. It shot up too quickly, and I got a bit panicked.
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100,000 yuan? First, hold the long position at 91,300 and then talk.
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ZKP, this thing really dares to play. I’ve given up.
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Ethereum and other trending coins are rallying, but my air coins are just sleeping on the floor.
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Those who positioned early at the bottom have already made gains. We latecomers can only take over the leftovers.
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100,000 by the end of the month? I think there are some prerequisites.
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Every time it dips, I want to add more. This operation logic is a bit problematic, right?
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SquidTeacher
· 8h ago
This wave of 96,000 definitely wasn't a waste, but I still want to see if it can dip back before jumping in again.
The idea of hitting 100,000 by the end of the month is a bit optimistic, isn't it? Is the market moving that fast?
That ZKP strategy sounds a bit like gambling, but it's good that you're really willing to take the risk.
ETH and Bitcoin's recent correlation has been quite strong; the key is to position yourself well.
Breaking the 94,000 level was a bit risky; it still feels like we should watch out for a second bottom.
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QuietlyStaking
· 8h ago
Once you break 94,000, you want to push to 100,000. This pace is really fast... But those who still dare to add more now have a really strong mindset.
The weekly market performance unfolded as expected, with Bitcoin successfully breaking through the previously mentioned resistance level of 94,000. Last night, the trading volume increased significantly, and the leading cryptocurrency surged strongly to around 96,000. Although the process was turbulent, this upward trend is indeed worth following.
From a technical perspective, short-term, Bitcoin is expected to retest the 92,800-94,000 range as support for confirmation. If the trend continues to remain strong, the bearish pressure may gradually ease, and there is a possibility of sideways consolidation within the 94,800-96,800 range. Based on the current momentum, there is an opportunity to continue pushing higher towards the 100,000 mark before the end of the month.
In terms of strategy, the previously established long position at 91,300 remains held without changes. Once a retest opportunity occurs, consider adding to the position moderately to reduce the average cost. Regarding altcoins, ZKP was opened at 0.151, with a strategy to add on dips to average down; if no dip occurs, treat it as an opportunity to collect trading fees.
Ethereum, as a representative of the ecosystem, also warrants close attention to its correlation with Bitcoin. The market pace has clearly accelerated, and accurately grasping support and resistance levels is crucial.