Bitcoin is currently stuck at the resistance level of 89500-90000, with bears still dominating in the short term. From the weekly chart, the downward trend has not yet reversed, and further consolidation is needed. The key is to observe how the trading volume performs—whether it can break through this pressure zone depends entirely on the volume. Currently, there are no positive signals in the fundamentals, and market sentiment remains cautious.
**Ethereum follows suit and consolidates**
The second pancake closely follows the rhythm of the big pancake, repeatedly testing the range of 3020-3050. A head-and-shoulders pattern has already appeared on the daily chart, and now we will see if there is any volume to support it. In the short term, it remains in a consolidation state and has not given a clear direction.
**Master the rhythm on an hourly basis, daily lines still require time**
The 1-hour and 4-hour charts of $BTC have now returned to a comfortable zone, but the daily level is still hovering at a low - this misalignment pattern suggests that there is a high probability of continued consolidation during the day. Keep a close eye on the support in the 87000-87500 range below, and the resistance is locked at 89500-90000 above.
The situation with $ETH is similar. The 1-hour and 4-hour charts have returned to normal rhythm, while the daily chart continues to weaken. It is expected to maintain a narrow range of fluctuations during the day, with support at 2900-2950 and resistance at 3050-3100. The entire market is waiting for a breakout signal to appear.
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MysteryBoxAddict
· 15h ago
Another consolidation like this makes me want to sleep.
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ForeverBuyingDips
· 16h ago
It's another one of those fluctuating markets, I really can't hold on any longer.
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CryptoTarotReader
· 16h ago
It's consolidating again, and the lack of volume is still useless. I don't see any opportunities in the short term, so I'll continue to lie flat and wait for a breakout signal.
#以太坊行情解读 **Bitcoin technical analysis**
Bitcoin is currently stuck at the resistance level of 89500-90000, with bears still dominating in the short term. From the weekly chart, the downward trend has not yet reversed, and further consolidation is needed. The key is to observe how the trading volume performs—whether it can break through this pressure zone depends entirely on the volume. Currently, there are no positive signals in the fundamentals, and market sentiment remains cautious.
**Ethereum follows suit and consolidates**
The second pancake closely follows the rhythm of the big pancake, repeatedly testing the range of 3020-3050. A head-and-shoulders pattern has already appeared on the daily chart, and now we will see if there is any volume to support it. In the short term, it remains in a consolidation state and has not given a clear direction.
**Master the rhythm on an hourly basis, daily lines still require time**
The 1-hour and 4-hour charts of $BTC have now returned to a comfortable zone, but the daily level is still hovering at a low - this misalignment pattern suggests that there is a high probability of continued consolidation during the day. Keep a close eye on the support in the 87000-87500 range below, and the resistance is locked at 89500-90000 above.
The situation with $ETH is similar. The 1-hour and 4-hour charts have returned to normal rhythm, while the daily chart continues to weaken. It is expected to maintain a narrow range of fluctuations during the day, with support at 2900-2950 and resistance at 3050-3100. The entire market is waiting for a breakout signal to appear.