Last night, the market steadily declined, with Bitcoin encountering resistance around 86,400 and beginning to consolidate. During the early hours, bullish momentum gradually increased, pushing the price up to around 88,000.
From a daily chart perspective, an interesting point is that trading volume has recovered from previous sluggishness to a moderate increase, and the candlestick has shifted from bearish to bullish, with a clear lower shadow, indicating that the bottom support is quite solid. Looking at the four-hour timeframe, the selling volume has already significantly diminished, and after encountering resistance near the midline, the price pulled back again. The hourly chart shows that the bullish volume is also decreasing, but the overall trend remains upward, suggesting that there may still be some short-term pullbacks.
The morning strategy remains to buy on dips.
**BTC**: The range of 86,600-87,100 is suitable for phased entries, with targets around 88,600-89,100.
**ETH**: Consider building long positions around 2,890-2,920, with a target near 3,050.
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BlockchainWorker
· 21h ago
Is the bottom support solid? Could this wave be another false breakout, catching the bottom and ending up as a bagholder?
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FallingLeaf
· 21h ago
The bottom support is indeed stable, and this pullback is a good opportunity to get in.
ETH 2890, I've already set my position there, just waiting for the rebound.
Bitcoin at 86,600 is a bit unfortunate not to enter at this price; be patient and wait.
The recovery of trading volume is a signal; bulls still have a chance.
Entering a long position at 2920 feels stable, and aiming for 3050 shouldn't be a big problem.
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SolidityStruggler
· 21h ago
The idea of solid bottom support sounds quite reassuring, but I don't know how long it can hold up.
It's another case of buying the dip. Why do I feel like I hear this every time?
Can ETH 2890 really hold this time? Let's wait and see.
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orphaned_block
· 21h ago
The bottom is indeed stable, just worried about a false breakout again. Wait for a pullback before getting in.
#以太坊行情解读 Early Morning Market Observation
Last night, the market steadily declined, with Bitcoin encountering resistance around 86,400 and beginning to consolidate. During the early hours, bullish momentum gradually increased, pushing the price up to around 88,000.
From a daily chart perspective, an interesting point is that trading volume has recovered from previous sluggishness to a moderate increase, and the candlestick has shifted from bearish to bullish, with a clear lower shadow, indicating that the bottom support is quite solid. Looking at the four-hour timeframe, the selling volume has already significantly diminished, and after encountering resistance near the midline, the price pulled back again. The hourly chart shows that the bullish volume is also decreasing, but the overall trend remains upward, suggesting that there may still be some short-term pullbacks.
The morning strategy remains to buy on dips.
**BTC**: The range of 86,600-87,100 is suitable for phased entries, with targets around 88,600-89,100.
**ETH**: Consider building long positions around 2,890-2,920, with a target near 3,050.
The market still requires patience.