The overall market fluctuation is not too intense, and the forces of bulls and bears have not yet formed a clear continuation trend. Yesterday, we maintained a bullish outlook, and suddenly in the evening, there was a significant pump, reaching a peak of 90599. The gains were quite good. BTC gained 1883 points in a single day, and Ether also achieved 129 points, maintaining a decent win rate recently.
From the perspective of the 4-hour candlestick chart, after a strong rise with five consecutive bullish candles, there has been a technical pullback. There's a detail worth noting here—the Bollinger Bands are continuously expanding, and this pattern usually indicates that there is still upward space being opened for future rises, which is favorable for the price to continue to move higher.
In terms of candlestick patterns, the pullback has left a relatively long upper shadow, indicating that there is indeed some selling pressure in the short term. However, from the indicators' perspective, both MACD and KDJ still appear quite strong in the 4-hour cycle, and no obvious downward turning signals have been observed. This means that the current pullback is merely a normal adjustment within the bullish trend, and the overall market sentiment still leans towards the bulls.
**Operation Recommendations:**
BTC can consider placing long positions in the range of 89000-88700, with attention on the 91500 level above.
Ethereum suggests looking for opportunities to long around the 3000-2980 range, targeting 3100.
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The overall market fluctuation is not too intense, and the forces of bulls and bears have not yet formed a clear continuation trend. Yesterday, we maintained a bullish outlook, and suddenly in the evening, there was a significant pump, reaching a peak of 90599. The gains were quite good. BTC gained 1883 points in a single day, and Ether also achieved 129 points, maintaining a decent win rate recently.
From the perspective of the 4-hour candlestick chart, after a strong rise with five consecutive bullish candles, there has been a technical pullback. There's a detail worth noting here—the Bollinger Bands are continuously expanding, and this pattern usually indicates that there is still upward space being opened for future rises, which is favorable for the price to continue to move higher.
In terms of candlestick patterns, the pullback has left a relatively long upper shadow, indicating that there is indeed some selling pressure in the short term. However, from the indicators' perspective, both MACD and KDJ still appear quite strong in the 4-hour cycle, and no obvious downward turning signals have been observed. This means that the current pullback is merely a normal adjustment within the bullish trend, and the overall market sentiment still leans towards the bulls.
**Operation Recommendations:**
BTC can consider placing long positions in the range of 89000-88700, with attention on the 91500 level above.
Ethereum suggests looking for opportunities to long around the 3000-2980 range, targeting 3100.