It's about staying true to your core amidst volatility and building confidence through accumulation. Remember, time rewards every steadfast long-term investor. The dawn of the next bull market will surely belong to those who endured the darkness. Yesterday, the market saw a strong bullish surge in the early hours, with Bitcoin temporarily breaking through the key level of 93,000 and stabilizing with increased volume. Bitcoin once recovered to around 96,800 but faced resistance, currently experiencing a slight pullback, with the market adjusting to around 95,000. As for Ethereum, it followed Bitcoin's movement, recovering to around 3,380 and still consolidating around the 3,300 level without further signs of breakdown.
From the 4-hour chart analysis, after a brief rally, the price retraced slightly, but this is not a trend reversal signal; rather, it should be seen as a normal phase of bullish consolidation. The overall market remains stable within a strong zone, and the upward momentum of the bulls has not weakened due to the short-term pullback. Therefore, it is recommended to maintain a strategy of buying on dips, patiently waiting for the price to retest key support levels before entering. This approach can effectively control entry risks and better seize subsequent opportunities for price surges.
Trading suggestions: Bitcoin: Wait around 94,500, target 98,000 Ethereum: Wait around 3,250, target 3,600
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It's about staying true to your core amidst volatility and building confidence through accumulation. Remember, time rewards every steadfast long-term investor. The dawn of the next bull market will surely belong to those who endured the darkness. Yesterday, the market saw a strong bullish surge in the early hours, with Bitcoin temporarily breaking through the key level of 93,000 and stabilizing with increased volume. Bitcoin once recovered to around 96,800 but faced resistance, currently experiencing a slight pullback, with the market adjusting to around 95,000. As for Ethereum, it followed Bitcoin's movement, recovering to around 3,380 and still consolidating around the 3,300 level without further signs of breakdown.
From the 4-hour chart analysis, after a brief rally, the price retraced slightly, but this is not a trend reversal signal; rather, it should be seen as a normal phase of bullish consolidation. The overall market remains stable within a strong zone, and the upward momentum of the bulls has not weakened due to the short-term pullback. Therefore, it is recommended to maintain a strategy of buying on dips, patiently waiting for the price to retest key support levels before entering. This approach can effectively control entry risks and better seize subsequent opportunities for price surges.
Trading suggestions:
Bitcoin: Wait around 94,500, target 98,000
Ethereum: Wait around 3,250, target 3,600