Recently, the movement of Bitcoin and Ethereum has been quite interesting. Last night, the market directly broke through the recent daily high—Bitcoin 90600, Ethereum 3080—finally ending several days of consolidation. What does this breakout mean? The trend is reversing.
From the candlestick pattern, the price has been gradually climbing from the bottom: Bitcoin rose from around 87000 to around 91000, Ethereum from 2980 to 3150. Especially with the appearance of long lower shadow bullish candles, indicating strong support below. Afterwards, a series of small bullish candles appeared, and the bulls are gradually taking control of the rhythm.
Looking at the technical indicators more clearly—DIF and DEA are both diverging upwards, and the red histogram is continuously enlarging. This is a typical bullish signal. However, it should be noted that short-term correction risks still exist, so don’t be scared by sudden pullbacks.
Note the current support levels: Bitcoin around 88500, Ethereum around 3050. These two levels are very critical.
If you want to participate, you can consider going long in the range of 89300-89800 for Bitcoin, with a target of 91800; for Ethereum, consider going long around 3070-3090, with targets between 3160-3200. Of course, this is just a technical reference; actual trading should also consider your risk tolerance. The market changes rapidly, so please rely on real-time data for specific行情.
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GlueGuy
· 22h ago
Finally broke through, that previous wave of volatility was really driving me crazy.
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AirdropHunterKing
· 22h ago
Here comes the support level to cut the leeks again. I already knew about 88,500. The key is whether it can hold.
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TokenTherapist
· 22h ago
Wow, this breakout is really satisfying, just worried that a pullback might slap it back down.
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WalletAnxietyPatient
· 22h ago
Breaking below support is just breaking below support, I've seen it before... I'm just worried this wave is a false breakout again, after taking the profits, it continues to fall.
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MerkleMaid
· 22h ago
You're starting to talk about support levels again, I just want to know if this time it will get broken through again.
Recently, the movement of Bitcoin and Ethereum has been quite interesting. Last night, the market directly broke through the recent daily high—Bitcoin 90600, Ethereum 3080—finally ending several days of consolidation. What does this breakout mean? The trend is reversing.
From the candlestick pattern, the price has been gradually climbing from the bottom: Bitcoin rose from around 87000 to around 91000, Ethereum from 2980 to 3150. Especially with the appearance of long lower shadow bullish candles, indicating strong support below. Afterwards, a series of small bullish candles appeared, and the bulls are gradually taking control of the rhythm.
Looking at the technical indicators more clearly—DIF and DEA are both diverging upwards, and the red histogram is continuously enlarging. This is a typical bullish signal. However, it should be noted that short-term correction risks still exist, so don’t be scared by sudden pullbacks.
Note the current support levels: Bitcoin around 88500, Ethereum around 3050. These two levels are very critical.
If you want to participate, you can consider going long in the range of 89300-89800 for Bitcoin, with a target of 91800; for Ethereum, consider going long around 3070-3090, with targets between 3160-3200. Of course, this is just a technical reference; actual trading should also consider your risk tolerance. The market changes rapidly, so please rely on real-time data for specific行情.