Investing has always been a contest of cognition. On the surface, it appears to be price fluctuations, but at its core, it tests learning ability, pattern insight, and understanding of human nature. Once these three points are mastered, you can survive the cycles of bull and bear markets and ultimately stand as a winner.
Last night, Bitcoin's movement was quite interesting — it oscillated back and forth within the range of 92,183 to 93,379, with no signs of breaking through. Ethereum rose from 3,206 to 3,224 but lost momentum and started to decline.
From the candlestick chart, on the daily level, it just experienced four consecutive bullish days and is now beginning to adjust, with five consecutive bearish candles. But don’t be scared; the price is still above the middle band, indicating that support is still holding. Although the three-band pattern is somewhat loose, the upward trend has not been broken. The position of the 92,000 middle band is particularly critical — if it falls below, the market may continue to weaken; if it holds, the bullish pattern can still be maintained.
So, the current trading strategy is very clear: continue to wait for a pullback opportunity and add long positions at lower levels.
**Specific directions** Buy Bitcoin around 92,000–92,300, with the first target at 94,000 Buy Ethereum around 3,160, with the target at 3,300
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LightningLady
· 2h ago
If 92,000 can't hold, then we need to look at the support below 92. This wave of decline might not be over yet.
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GateUser-a180694b
· 2h ago
If we can't hold 92,000, we will have to switch strategies; we can't just fight it hard.
Investing has always been a contest of cognition. On the surface, it appears to be price fluctuations, but at its core, it tests learning ability, pattern insight, and understanding of human nature. Once these three points are mastered, you can survive the cycles of bull and bear markets and ultimately stand as a winner.
Last night, Bitcoin's movement was quite interesting — it oscillated back and forth within the range of 92,183 to 93,379, with no signs of breaking through. Ethereum rose from 3,206 to 3,224 but lost momentum and started to decline.
From the candlestick chart, on the daily level, it just experienced four consecutive bullish days and is now beginning to adjust, with five consecutive bearish candles. But don’t be scared; the price is still above the middle band, indicating that support is still holding. Although the three-band pattern is somewhat loose, the upward trend has not been broken. The position of the 92,000 middle band is particularly critical — if it falls below, the market may continue to weaken; if it holds, the bullish pattern can still be maintained.
So, the current trading strategy is very clear: continue to wait for a pullback opportunity and add long positions at lower levels.
**Specific directions**
Buy Bitcoin around 92,000–92,300, with the first target at 94,000
Buy Ethereum around 3,160, with the target at 3,300