A large increase doesn't necessarily mean we should be bearish. Looking at it from a different perspective, could it be that the market is gathering strength? Bitcoin has been consolidating at a low level for nearly two months, and this kind of consolidation often signals that the market is building energy for the next wave.



From a technical standpoint, I prefer to wait until BTC breaks through 99,000 before considering short positions. For now, it's better to seize the opportunity to buy on dips. The 94,800 level is a key support; as long as it holds, you should continue to increase your position. However, stop-loss points should also be set; if it falls below 94,200, consider exiting the position. The trends of $BTC and $ETH are related, but each should be analyzed separately in terms of support and resistance. In this market, patience in waiting for high-probability entry points is much more reliable than blindly chasing the rally.
BTC3,53%
ETH5,16%
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
  • 4
  • Repost
  • Share
Comment
0/400
OnlyUpOnlyvip
· 9h ago
Wait, can 94800 really hold? I feel like this time it's a bit uncertain.
View OriginalReply0
GasFeeNightmarevip
· 9h ago
94,800, hold your position to add more; I agree with this logic, but shorting at 99,000 might be a bit late.
View OriginalReply0
BearMarketGardenervip
· 9h ago
If you hold 94,800, keep adding; if you can't hold, then run. It's that simple.
View OriginalReply0
ZenChainWalkervip
· 9h ago
Consolidating for two months is just charging up. This wave truly requires patience; don't rush to short.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)