#美国非农就业数据未达市场预期 Time flies, and seven days have passed in the blink of an eye. This week's market has been quite volatile, with Bitcoin's intraday fluctuations often breaking through the 1000-point mark, and the price even surpassing the key level of 94,760. For traders, there are indeed many opportunities. Looking back over the week, $BTC achieved a total gain of over 13,040 points, and $ETH also recorded a performance of 683 points. Such market rhythm is worth our careful grasp.



Specifically, the daily performance was as follows: Monday, Bitcoin broke through 4147 points, Ethereum rose by 175 points; Tuesday, Bitcoin gained 2562 points, Ethereum increased by 139 points; Wednesday was a good day, Bitcoin surged by 2993 points, Ethereum up by 178 points; Thursday saw a slight pullback, Bitcoin down by 2138 points, Ethereum by 113 points; Friday, the market started to weaken, Bitcoin only gained 1200 points, Ethereum 78 points. Overall, the momentum was stronger in the first half of the week, with some consolidation in the second half.

From the four-hour chart, the market has entered a technical correction phase, with Bollinger Bands narrowing, which often indicates an increased likelihood of subsequent oscillations. On the hourly level, Bollinger Bands have leveled out, and the price is being tightly constrained within the channel, with clearly insufficient momentum for a short-term breakout. The candlesticks show narrow-range alternating consolidation, with both bulls and bears temporarily at a stalemate. The market currently lacks a clear direction and is at a critical point for choosing a trend.

In trading, it is recommended to adopt a strategy of high sell and low buy within the range. Bitcoin can be shorted within the 91,000-91,300 range, targeting around 88,500; Ethereum can consider short positions within the 3,130-3,150 range, with a target of around 3,000. Remember to strictly rely on the upper and lower bands of the Bollinger Bands as support and resistance levels to manage positions, which makes risk control easier.
BTC0.14%
ETH0.92%
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
  • 6
  • Repost
  • Share
Comment
0/400
CryptoCross-TalkClubvip
· 7h ago
Laughing out loud, it's another "critical period for making decisions." I feel like every week is a critical period. Will there still be a critical period next week?
View OriginalReply0
AirdropHuntressvip
· 11h ago
Hmm... The data in the first half of the week looked quite fierce, but by Friday it turned out like this? The Bollinger Bands have flattened, it feels like waiting for a clear signal.
View OriginalReply0
LeverageAddictvip
· 11h ago
The first half of the week surged sharply, then started to weaken. It's a typical high open and low close pattern. The Bollinger Bands contraction this time really needs attention.
View OriginalReply0
FrogInTheWellvip
· 11h ago
The rally in the first half of the week was decent, but now this narrow consolidation feels a bit dull. I have a feeling something big is brewing.
View OriginalReply0
GoldDiggerDuckvip
· 11h ago
The momentum in the first half of the week was indeed strong, but it suddenly fizzled out on Friday. That's the feeling of waiting for the right direction.
View OriginalReply0
RektButAlivevip
· 11h ago
Here we go again with the high sell and low buy routine. Just because the Bollinger Bands are contracting, you think it's just oscillation? I don't buy it. Last time I did this, I got liquidated directly.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)