#币安HODLer空投MMT The market has indeed been a bit grinding these past two days. This afternoon, the market data has been oscillating in a narrow range, but it got a bit interesting in the evening — BTC made a strong push from the low point of 101200, pumping all the way up to around 102800 before stopping, with clear pullback pressure. $BTC basically followed the rhythm of the big brother, bouncing from 3272 to 3359 before being held down.
From a technical perspective, the small bearish and bullish candles in the four-hour chart are essentially a weak consolidation after a decline, with bulls and bears still wrestling for control, and the downward momentum has not yet been fully digested. This kind of corrective movement is actually quite common — the trend is finding a new equilibrium.
However, the one-hour chart shows some warmth: several consecutive bullish candles have pushed the price above the middle band of the Bollinger Bands, and it is approaching the upper band; the MACD golden cross is widening, and the histogram is continuously increasing. In the short term, the bulls are clearly in control, while the bears seem a bit fatigued.
Tonight's strategy is biased towards a bullish direction.
$ETH can consider laying long positions near 102300, looking at the 104000 level. Buy long around 3320, targeting 3450 first.
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.
20 Likes
Reward
20
6
Repost
Share
Comment
0/400
retroactive_airdrop
· 11-08 13:12
Bullish traders are caught off guard and unprepared.
View OriginalReply0
UncleWhale
· 11-08 02:26
Bull market newbie sudden death warning
View OriginalReply0
ser_we_are_ngmi
· 11-05 13:43
Repeatedly jumping back and forth, right? Waiting for a big dump.
View OriginalReply0
GasFeeTears
· 11-05 13:42
It's starting to fluctuate again. Are you playing with me?
#币安HODLer空投MMT The market has indeed been a bit grinding these past two days. This afternoon, the market data has been oscillating in a narrow range, but it got a bit interesting in the evening — BTC made a strong push from the low point of 101200, pumping all the way up to around 102800 before stopping, with clear pullback pressure. $BTC basically followed the rhythm of the big brother, bouncing from 3272 to 3359 before being held down.
From a technical perspective, the small bearish and bullish candles in the four-hour chart are essentially a weak consolidation after a decline, with bulls and bears still wrestling for control, and the downward momentum has not yet been fully digested. This kind of corrective movement is actually quite common — the trend is finding a new equilibrium.
However, the one-hour chart shows some warmth: several consecutive bullish candles have pushed the price above the middle band of the Bollinger Bands, and it is approaching the upper band; the MACD golden cross is widening, and the histogram is continuously increasing. In the short term, the bulls are clearly in control, while the bears seem a bit fatigued.
Tonight's strategy is biased towards a bullish direction.
$ETH can consider laying long positions near 102300, looking at the 104000 level.
Buy long around 3320, targeting 3450 first.