Bitcoin and Ethereum are showing a clear oscillating upward trend within the intraday range, gradually gaining upward momentum after consolidating at lower levels in the early morning. Bitcoin surged toward around 70,300, currently pulling back to consolidate near 69,300; Ethereum simultaneously rose from around 2,030 to approximately 2,170. We have maintained a low-buying strategy throughout, resulting in substantial gains.



From the market perspective, the medium-term upward channel on the daily chart has been established, with prices remaining in a strong consolidation phase. Since stabilizing after the previous low point, prices have held above the middle and upper bands of the Bollinger Bands, with sufficient rebound momentum and successfully reclaiming key resistance levels. Bullish volume continues to expand, while bearish forces gradually weaken. Moving averages are aligned in a bullish configuration, indicating an overall strong trend. On the four-hour chart, prices steadily climb along the upward channel, with the oscillation center shifting higher. Each correction is effectively supported, and the rebound strength and sustainability are good. Bullish volume is robust, with a complete rebound pattern. All cycle moving averages are trending upward, with short-term bullish dominance. Overall, the market shows clear signs of a bullish reversal, and the trading strategy remains bullish.

For Bitcoin, buy near 69,000-68,500, with targets at 70,800-71,800. A breakout would suggest a move toward 73,800.
For Ethereum, buy near 2,120-2,080, with targets at 2,180-2,250.
BTC0,86%
ETH1,37%
View Original
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
Add a comment
Add a comment
No comments
  • Pin