Last night, Bitcoin completed an obvious downtrend phase, with the sustainability of bearish momentum gradually waning. BTC bottomed out near 90,600, and Ethereum also declined in sync to the 3,120 level, then immediately rebounded. The base-building pattern at the bottom is steadily deepening, and the sustainability of the rebound is continuously strengthening.
I already laid out long positions in live trading last night, and added to my position at midnight. Currently, my position is around 91,400, and I also laid out longs on Ethereum at the 3,150 level. Both are now in holding phase. Friends following this strategy should patiently hold and wait for the market to continue rallying.
From a technical perspective, the rebound momentum is gradually building, with bullish patterns showing obvious improvement. On the 4-hour chart, a small double-pin bottom reversal has appeared at the bottom, with lower wicks becoming increasingly prominent, and bullish momentum recovering quite rapidly. The hourly chart is even more straightforward—the base-building phase from the previous bottom has completed, K-lines are starting to develop upward, and the bottom pattern is showing consecutive bullish candles with bulls gradually exerting strength. The MACD indicator is also key, as a golden cross is about to form, indicating that rebound momentum is about to strengthen further. Going forward, we should just follow the trend and build positions higher.
BTC target first looks at 92,300. If it breaks through, we can look at the 93,500-94,000 zone. Ethereum target 3,220. After breaking through, watch 3,300.
Last night, Bitcoin completed an obvious downtrend phase, with the sustainability of bearish momentum gradually waning. BTC bottomed out near 90,600, and Ethereum also declined in sync to the 3,120 level, then immediately rebounded. The base-building pattern at the bottom is steadily deepening, and the sustainability of the rebound is continuously strengthening.
I already laid out long positions in live trading last night, and added to my position at midnight. Currently, my position is around 91,400, and I also laid out longs on Ethereum at the 3,150 level. Both are now in holding phase. Friends following this strategy should patiently hold and wait for the market to continue rallying.
From a technical perspective, the rebound momentum is gradually building, with bullish patterns showing obvious improvement. On the 4-hour chart, a small double-pin bottom reversal has appeared at the bottom, with lower wicks becoming increasingly prominent, and bullish momentum recovering quite rapidly. The hourly chart is even more straightforward—the base-building phase from the previous bottom has completed, K-lines are starting to develop upward, and the bottom pattern is showing consecutive bullish candles with bulls gradually exerting strength. The MACD indicator is also key, as a golden cross is about to form, indicating that rebound momentum is about to strengthen further. Going forward, we should just follow the trend and build positions higher.
BTC target first looks at 92,300. If it breaks through, we can look at the 93,500-94,000 zone.
Ethereum target 3,220. After breaking through, watch 3,300.