Investing in the crypto world is a journey woven with opportunities and challenges. Only by integrating wisdom, patience, and a strong mindset can one progress steadily and achieve long-lasting success. It is especially important to remember: Futures Trading is not a sprint for quick wins, but a marathon that tests enduring stamina. Maintaining rational judgment and continuously improving learning is the core logic for establishing a long-term presence and achieving breakthroughs in the crypto world. Looking back at the midnight market trends, the long positions continued the strong momentum from the evening, demonstrating a robust upward trend. Among them, after Bitcoin tested the lower support in the evening, the long positions made a strong push to break through again, with the price continuously climbing from midnight to dawn, reaching a high point of 111487; Ether quickly stabilized after a slight pullback, with the long positions also aggressively increasing, with a one-sided upward movement exceeding 100 points, reaching a high of 4333 from midnight to dawn, overall showing a relatively poor rise compared to BTC.



From the current market perspective, after breaking through the previous high points early in the morning, the short-term trend has once again entered a correction phase. It is important to clarify that the current bullish trend has not changed at all, and the short to medium-term bullish expectations remain firm. On the daily chart, the market has entered an adjustment cycle after consecutive bullish candles, and the previously recorded bullish candlestick bodies are substantial, further solidifying the bullish structure. Overall, the current market is in a strong bullish sentiment in the short term, but the recent rebound has not broken through the resistance of the phase high points. Meanwhile, the downward channel on the four-hour chart of the small cycle is about to break further, with indicators also approaching the overbought range. In the short term, there may be a slight pullback after reaching a certain height, but it is essential to pay attention to the strength of the retracement. If it does not substantially fall back into the downward channel, the market may still experience a rebound to test the resistance at the 113500 level. In terms of operations, the day's strategy should be to look for opportunities to buy on dips.

BTC can be long positions at 110000-110500, looking at around 113500. Ether can be long positions at 4250-4280, looking at around 4450. #btc# #eth#
BTC1.54%
ETH2.39%
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
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)