Afternoon market continues to see bullish volume surge, with Bitcoin reaching a key resistance level of 67,300 during midday before breaking higher. In the afternoon, the upward movement is stepwise, with each resistance level broken through with increased volume. As of the time of writing, Bitcoin has recovered to around 71,200. Ethereum also shows a similar pattern of volume-driven upward movement. After a short-term struggle in the afternoon, it stabilized above the 2000 level and pushed higher, with the price reaching around 2070. Recently, we have maintained a bullish retracement strategy for long positions, entering longs around 68,100 during the day, and taking profits near 70,000 after the rebound. For Ethereum, we entered longs around 1965 and exited near 2030. The afternoon strategy achieved precise profit-taking. The weekly close has been reminding everyone that the market is about to push above 70,000, but how many friends believed it? Opportunities are reserved for those who are prepared. The market always depends on how you seize it.



From the current chart, the daily trend is bullish, with Bitcoin facing a key resistance at 70,000. The candlestick pattern shows a continued breakout as the price reaches the upper Bollinger Band, indicating a potential for further volume expansion. Whether the Bollinger Bands will continue to widen is crucial. The current movement aligns with our long-term bullish outlook. Currently, resistance above 72,000 should be noted. Looking at the four-hour chart, the trend continues with a stepwise upward structure, with a clear ascending channel. Previously, a short-term high was suppressed at 70,000, but a breakout from the triangle pattern showed strong bullish momentum. In the short term, watch for resistance at 72,000; a pullback could present a shorting opportunity. Indicators are healthy and show no bearish divergence, so while strength suggests no top yet, approaching resistance could be considered for short positions after a rally and correction.

Bitcoin can be shorted around 72,000, with a focus on support at 70,000 during pullbacks. Consider taking profits if the price reaches 72,400, with stop-loss above that level. Ethereum can be shorted between 2080-2100, with a target near 2020. Stop-loss should be placed above 2100. $BTC $ETH #比特币反弹
BTC5,57%
ETH4,43%
View Original
post-image
post-image
post-image
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
  • 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)