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.
BTC-0.48%
ETH-0.12%
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
GasFeeLadyvip
· 4h ago
The consolidation is about to break out
View OriginalReply0
OldLeekConfessionvip
· 12-23 00:57
Start buying low and slowly build a position
View OriginalReply0
GasBanditvip
· 12-23 00:55
Experts are among the people waiting for signals.
View OriginalReply0
NotGonnaMakeItvip
· 12-23 00:54
It has peaked long ago.
View OriginalReply0
MetaverseVagabondvip
· 12-23 00:50
Wait for the breakout before going long
View OriginalReply0
MEVictimvip
· 12-23 00:33
This consolidation is so frustrating.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)