Bitcoin found support around the 85,000 level yesterday, with the daily chart forming a bottom piercing pattern. Coupled with the 4-hour moving average golden cross, this suggests a potential rebound during the daytime trading session. Watch for resistance in the 88,200-88,500 range, with a pivot point near 89,200. For Ethereum, focus on levels above 2,980, 3,020, and 3,050; as long as it doesn't break through 3,120, the bearish structure remains unchanged. Look for long opportunities around 2,920 below. Defensive level at 2,880.
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.
Bitcoin found support around the 85,000 level yesterday, with the daily chart forming a bottom piercing pattern. Coupled with the 4-hour moving average golden cross, this suggests a potential rebound during the daytime trading session. Watch for resistance in the 88,200-88,500 range, with a pivot point near 89,200. For Ethereum, focus on levels above 2,980, 3,020, and 3,050; as long as it doesn't break through 3,120, the bearish structure remains unchanged. Look for long opportunities around 2,920 below. Defensive level at 2,880.