Based on recent trends, Bitcoin experienced a sharp drop near 95,500, found support around 91,800, and is currently consolidating in the 92,500 range. From the hourly chart, the price is operating near the middle band of the Bollinger Bands, and overall, it is still in the recovery phase.
From a technical perspective, there are two key zones to watch in the short term. The resistance above is between 92,800 and 93,400. If this range can be effectively broken through, it may open up new upward space. The support below is around 91,700 to 90,900, which is a relatively important defensive line.
Ethereum's performance is also worth observing. It is currently trading near 3,200-3,230. If it adjusts downward, the support levels at 3,150 and 3,110 are quite significant.
It is important to note that market changes are unpredictable, and technical analysis is only for reference. While gaining a deeper understanding of market rules, don't forget to maintain independent thinking—over-reliance on established patterns can cause missed opportunities. Investment requires caution, and risk management should always come first.
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StablecoinEnjoyer
· 18h ago
Still fluctuating, isn't it tiring? Just want to see a clear direction.
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fren.eth
· 18h ago
It's starting to fluctuate again, and it feels like the 91800 level is a bit fragile.
If it can't break 93400, don't expect any new highs.
Ethereum has been hovering around 3200, it's so annoying.
Risk management is just about losing less money, plain and simple.
I'm waiting for an opportunity around 92500.
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DegenMcsleepless
· 18h ago
The 91,800 level is really hard to break through; it feels like it will consolidate for a long time.
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BlockchainBrokenPromise
· 19h ago
It's another repair phase. When will it truly take off?
Based on recent trends, Bitcoin experienced a sharp drop near 95,500, found support around 91,800, and is currently consolidating in the 92,500 range. From the hourly chart, the price is operating near the middle band of the Bollinger Bands, and overall, it is still in the recovery phase.
From a technical perspective, there are two key zones to watch in the short term. The resistance above is between 92,800 and 93,400. If this range can be effectively broken through, it may open up new upward space. The support below is around 91,700 to 90,900, which is a relatively important defensive line.
Ethereum's performance is also worth observing. It is currently trading near 3,200-3,230. If it adjusts downward, the support levels at 3,150 and 3,110 are quite significant.
It is important to note that market changes are unpredictable, and technical analysis is only for reference. While gaining a deeper understanding of market rules, don't forget to maintain independent thinking—over-reliance on established patterns can cause missed opportunities. Investment requires caution, and risk management should always come first.