Last Monday morning, the market gave us a good report card. Bitcoin surged to around $90,000 before turning back, ultimately settling at $89,627. Ethereum followed a similar pattern, encountering resistance at $3,050 and then hovering around $3,060.
It seems casual, but that's not the case. This wave of movement just happens to validate the previous judgment thinking and provides a clearer direction for this week's operations.
**The current situation of Bitcoin**
The weekly chart is very clear - the volatility is getting smaller and the consolidation is nearing its end. One can feel a force building up, like a bowstring pulled to its limit.
This week we need to keep a close eye on these numbers: the upper limit is $98,000 (the key reversal point on the weekly chart), and the lower limit is $85,000 (the bullish bottom line). The middle point of $88,500 is especially important, as it is the dividing line between strength and weakness. Once it breaks effectively, the trend will change.
What is the perfect script? Bitcoin directly eats up $90,000 and then tries to test $91,000. Then it should pull back to confirm that the $90,000 level holds. As long as it doesn't break, the technical rebound pattern will be perfect.
The current support is around 88000, which is a key battleground. For those holding spot, this price point is still quite cost-effective.
**Ethereum's Critical Moment**
Ethereum moves in sync with Bitcoin, and the resistance at $3050 is just right. The next step depends on Bitcoin's performance.
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Last Monday morning, the market gave us a good report card. Bitcoin surged to around $90,000 before turning back, ultimately settling at $89,627. Ethereum followed a similar pattern, encountering resistance at $3,050 and then hovering around $3,060.
It seems casual, but that's not the case. This wave of movement just happens to validate the previous judgment thinking and provides a clearer direction for this week's operations.
**The current situation of Bitcoin**
The weekly chart is very clear - the volatility is getting smaller and the consolidation is nearing its end. One can feel a force building up, like a bowstring pulled to its limit.
This week we need to keep a close eye on these numbers: the upper limit is $98,000 (the key reversal point on the weekly chart), and the lower limit is $85,000 (the bullish bottom line). The middle point of $88,500 is especially important, as it is the dividing line between strength and weakness. Once it breaks effectively, the trend will change.
What is the perfect script? Bitcoin directly eats up $90,000 and then tries to test $91,000. Then it should pull back to confirm that the $90,000 level holds. As long as it doesn't break, the technical rebound pattern will be perfect.
The current support is around 88000, which is a key battleground. For those holding spot, this price point is still quite cost-effective.
**Ethereum's Critical Moment**
Ethereum moves in sync with Bitcoin, and the resistance at $3050 is just right. The next step depends on Bitcoin's performance.