Greed and fear are often the biggest psychological barriers in trading. Those who can truly harness the power of compound interest over time are traders who remain calm when others are chasing highs and can settle during market panic. Saturday's movement was a reflection of this—markets completed energy accumulation within a narrow range.
From a technical perspective, Bitcoin is currently consolidating steadily within the range of 89261 to 90456. Ethereum, after testing the 3144 high, retraced to the 3174 low and successfully rebounded, indicating that key support levels are still effective. Looking at the four-hour chart, after a single bearish candle, consecutive bullish candles have appeared, continuously testing higher levels. The Bollinger Bands have opened and are diverging, with prices firmly sitting between the middle and upper bands. Meanwhile, the MACD is operating above the zero line, further confirming that the medium-term upward trend remains solid.
Switching to the hourly chart, prices are consolidating within the upper region of the middle band. The KDJ indicator has formed a full-bodied golden cross, signaling that short-term buying momentum is re-accumulating. The overall movement can be understood as a healthy accumulation phase within an upward trend, not weakness, but building strength for the next surge.
In terms of trading strategy, it is recommended to focus on buying on dips at lower levels. For Bitcoin, pay attention to the stabilization around 89600-89300. For Ethereum, focus on the 3170-3150 range. As long as these levels hold steady, there is potential for another upward push, with Bitcoin targeting around 91000 and Ethereum around 3200.
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.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
ShitcoinArbitrageur
· 01-06 01:32
When the Bollinger Bands open, it's a signal that something is coming. Stick to the bottom, and it's all good.
View OriginalReply0
Frontrunner
· 01-05 19:46
Wait, is it the Bollinger Bands opening and the KDJ golden cross again? Every time you say that, what's the result?
View OriginalReply0
GateUser-afe07a92
· 01-03 20:52
Here we go again, I've heard this explanation quite a few times...
It's basically just waiting for a pullback. Can the 89300 level really hold? That's what was said last time too.
View OriginalReply0
MissedTheBoat
· 01-03 20:51
Here comes that "inner demon theory" again? I just want to ask, how many people can really hold onto 89,300 without selling... No matter how eloquently you put it, it’s useless.
View OriginalReply0
PositionPhobia
· 01-03 20:40
Talking about mindset again, it sounds nice, but when it comes to critical moments, isn't it the same trembling hands?
Honestly, I'm tired of the Bollinger Bands setup. Every time they say it's accumulation, but it just consolidates until nightfall.
I've already set up an ambush at the 89300 level, just waiting to see if it dares to come.
Can 3150 really stop the decline? To be honest, it's a bit uncertain.
KDJ Golden Cross? Ha, how many times has this thing fooled me?
View OriginalReply0
StakeHouseDirector
· 01-03 20:31
It's that same story of "building up energy" and "health adjustment" again, saying the same thing every time haha
View OriginalReply0
0xSleepDeprived
· 01-03 20:23
You're right, I'm just worried it might be one of those "looks like" accumulation tricks that are actually just to lure in sellers, haha.
Greed and fear are often the biggest psychological barriers in trading. Those who can truly harness the power of compound interest over time are traders who remain calm when others are chasing highs and can settle during market panic. Saturday's movement was a reflection of this—markets completed energy accumulation within a narrow range.
From a technical perspective, Bitcoin is currently consolidating steadily within the range of 89261 to 90456. Ethereum, after testing the 3144 high, retraced to the 3174 low and successfully rebounded, indicating that key support levels are still effective. Looking at the four-hour chart, after a single bearish candle, consecutive bullish candles have appeared, continuously testing higher levels. The Bollinger Bands have opened and are diverging, with prices firmly sitting between the middle and upper bands. Meanwhile, the MACD is operating above the zero line, further confirming that the medium-term upward trend remains solid.
Switching to the hourly chart, prices are consolidating within the upper region of the middle band. The KDJ indicator has formed a full-bodied golden cross, signaling that short-term buying momentum is re-accumulating. The overall movement can be understood as a healthy accumulation phase within an upward trend, not weakness, but building strength for the next surge.
In terms of trading strategy, it is recommended to focus on buying on dips at lower levels. For Bitcoin, pay attention to the stabilization around 89600-89300. For Ethereum, focus on the 3170-3150 range. As long as these levels hold steady, there is potential for another upward push, with Bitcoin targeting around 91000 and Ethereum around 3200.