Today at noon, I checked the market, and Bitcoin is still moving within a narrow range. The fluctuation has already ranged from 92,156 to 93,287. It's hard to tell which direction it will go next, so everyone needs to be patient and wait for a clear trend break signal.
Let's review yesterday's market movement. First, there was a dip, then a rebound, and it even temporarily broke through the resistance level at 92,812, approaching the key resistance at 93,605. However, it ultimately failed to hold. Afterwards, it repeatedly tested the 92,812 level three times, but finally broke below, returning near the previous low. This previous low has still held so far and hasn't been completely breached.
There is a crucial signal here—if a double bottom pattern forms at the previous low, it would be a good sign of stabilization. Conversely, if the previous low is broken, the next target is directly at 90,068, and it could continue to decline further.
In the short term, trading strategies mainly depend on a few key levels: First, holding above 92,812 is the basic condition for a rebound; second, breaking through 93,605 to create a new high would open up upward space; third, if it just consolidates sideways, it will be trapped in a very narrow range between 91,821 and 92,812, repeatedly grinding.
Honestly, current trading opportunities depend on volume breakouts. A volume breakout above 92,812 suggests a long position with targets at 93,605 and even 94,530. Conversely, if volume breaks below 91,821 and rebounds can't recover, then go short with targets at 90,775 and 89,230. The most critical point is if it falls below 90,068, confirming a downtrend, so caution is needed.
Resistance levels in order are 92,812, 93,605, 94,530; support levels are 91,788, 90,976, and 90,066.
As for ETH, it's also quite interesting. Bitcoin initially formed a flag pattern breakdown, but after breaking down, it didn't continue to fall. Instead, it formed four consecutive doji candles, indicating that the battle between bulls and bears has entered a heated phase, and the next move is imminent.
The most critical level now is 3,219. Reclaiming this means the downtrend has started to reverse; but if it falls below 3,170, it will return to the previous consolidation zone to grind sideways.
In terms of trading strategy, a volume breakout above 3,200 can be followed with a long position targeting 3,222 to 3,263. If it stabilizes above 3,263, you can hold further; otherwise, consider a small short position at 3,263 with a stop-loss at 3,300. Conversely, a volume breakdown below 3,175 suggests going short, but stop-loss must be set properly. Additionally, if it retraces to 3,129 and confirms support, a small long position can be taken with a stop-loss at 3,089. There's also a potential left-side setup at 3,066—placing a buy order with a stop-loss at 3,020.
On the 4-hour chart, if it breaks below 3,176, the next support zone is between 3,133 and 3,089.
Resistance levels are 3,200, 3,222, 3,263; support levels are 3,177, 3,131, and 3,085.
Overall, it's more prudent to wait and watch during this period rather than act impulsively. Wait for a clear breakout signal before making a move.
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Layer2Observer
· 7h ago
After reviewing the data, narrow-range fluctuations indeed require a break signal; otherwise, it just gets trapped in the range, repeatedly cutting through.
View OriginalReply0
CexIsBad
· 7h ago
Chopping around sideways gives me a headache, let's wait for a breakout
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Same old tune again, can 92812 really hold?
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Double bottoms are all a lie, breaking the level is the real way
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Waiting and watching is the right move, anyway chasing high gets you trapped
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This market really tests patience, feels like waiting until the end of time
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Those four doji candles on ETH look really uncomfortable
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Set your stop-loss properly, don't be greedy
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Breakout with volume? I only trust big bearish candles to speak
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Breaking 90068 would be really troublesome, stay alert
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Everyone says to wait and see, might as well just lie flat
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Be careful if the 4-hour breaks below 3176, remember that
View OriginalReply0
NftRegretMachine
· 7h ago
No signal of a break-out yet, so I really have some free time, otherwise I would just be giving money to the market makers.
Today at noon, I checked the market, and Bitcoin is still moving within a narrow range. The fluctuation has already ranged from 92,156 to 93,287. It's hard to tell which direction it will go next, so everyone needs to be patient and wait for a clear trend break signal.
Let's review yesterday's market movement. First, there was a dip, then a rebound, and it even temporarily broke through the resistance level at 92,812, approaching the key resistance at 93,605. However, it ultimately failed to hold. Afterwards, it repeatedly tested the 92,812 level three times, but finally broke below, returning near the previous low. This previous low has still held so far and hasn't been completely breached.
There is a crucial signal here—if a double bottom pattern forms at the previous low, it would be a good sign of stabilization. Conversely, if the previous low is broken, the next target is directly at 90,068, and it could continue to decline further.
In the short term, trading strategies mainly depend on a few key levels: First, holding above 92,812 is the basic condition for a rebound; second, breaking through 93,605 to create a new high would open up upward space; third, if it just consolidates sideways, it will be trapped in a very narrow range between 91,821 and 92,812, repeatedly grinding.
Honestly, current trading opportunities depend on volume breakouts. A volume breakout above 92,812 suggests a long position with targets at 93,605 and even 94,530. Conversely, if volume breaks below 91,821 and rebounds can't recover, then go short with targets at 90,775 and 89,230. The most critical point is if it falls below 90,068, confirming a downtrend, so caution is needed.
Resistance levels in order are 92,812, 93,605, 94,530; support levels are 91,788, 90,976, and 90,066.
As for ETH, it's also quite interesting. Bitcoin initially formed a flag pattern breakdown, but after breaking down, it didn't continue to fall. Instead, it formed four consecutive doji candles, indicating that the battle between bulls and bears has entered a heated phase, and the next move is imminent.
The most critical level now is 3,219. Reclaiming this means the downtrend has started to reverse; but if it falls below 3,170, it will return to the previous consolidation zone to grind sideways.
In terms of trading strategy, a volume breakout above 3,200 can be followed with a long position targeting 3,222 to 3,263. If it stabilizes above 3,263, you can hold further; otherwise, consider a small short position at 3,263 with a stop-loss at 3,300. Conversely, a volume breakdown below 3,175 suggests going short, but stop-loss must be set properly. Additionally, if it retraces to 3,129 and confirms support, a small long position can be taken with a stop-loss at 3,089. There's also a potential left-side setup at 3,066—placing a buy order with a stop-loss at 3,020.
On the 4-hour chart, if it breaks below 3,176, the next support zone is between 3,133 and 3,089.
Resistance levels are 3,200, 3,222, 3,263; support levels are 3,177, 3,131, and 3,085.
Overall, it's more prudent to wait and watch during this period rather than act impulsively. Wait for a clear breakout signal before making a move.