In the crypto world, to laugh last, it’s never about temporary luck or last-minute desperation, but about the resilience to hold firm amid volatility. Every moment you remain calm and avoid panic selling is accumulating chips for future gains.



Yesterday’s market performance was quite interesting. Bitcoin rebounded from a low of 89,380 to 90,200, while Ethereum found support at 3,074 and then tested 3,114. The key support levels were not broken, which is a positive signal in itself.

From a technical perspective, the four-hour chart has started to move in a stair-step pattern after a bearish candle, with the price consistently hugging the upper band of the Bollinger Bands, indicating that the bulls still have strength. Although the hourly chart shows some fluctuations, the price remains firmly above the middle-upper part of the Bollinger Bands, proving that the long side still holds the upper hand. The market is currently digesting upward pressure through this oscillation while consolidating support, preparing for the next rally.

In terms of trading strategy, it’s advisable to continue leaning bullish, focusing on these key areas: Bitcoin between 89,300-89,600 and Ethereum between 3,070-3,090. Once the price stabilizes at these support levels, it’s a good short-term buying opportunity. Targets should be set towards the upper boundary of the range and previous resistance levels.

Specific suggestions: For Bitcoin, consider entering around 89,500 with a target of 91,000; for Ethereum, consider entering around 2,950 with a target of 3,200.
BTC-1,17%
View Original
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.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
BearWhisperGodvip
· 18h ago
It's the same old talk again—resolve, perseverance, accumulating chips... Hearing it so often is a bit tiring, haha.
View OriginalReply0
RugpullSurvivorvip
· 01-04 08:17
Ah, it's that same old "gritting teeth and holding on" phrase again, hearing it has worn my ears out... But I have to admit, yesterday's wave didn't really collapse, the 89300 level held quite steadily, which looks a bit comfortable.
View OriginalReply0
AirDropMissedvip
· 01-03 21:51
Trying to trick me into bottom-fishing again? I was caught in this same story last time and held for a long time. Now I'm just waiting to see if it can really break 91,000.
View OriginalReply0
GasOptimizervip
· 01-03 21:51
Alright, it's that same argument about support levels holding and going all-in. Every time it's said like this, but the result... isn't it still about maintaining the right mindset to get through it?
View OriginalReply0
NFTregrettervip
· 01-03 21:51
Here we go again with this routine, support levels support levels, always saying it won't break, but what happens? Still the same old story, anyway I'm not moving anymore, let's see how you guys pick up the slack.
View OriginalReply0
GovernancePretendervip
· 01-03 21:45
Sticking to your resolve sounds like a nice saying, but when the market drops, who can really hold on... It's easy to say, but it's deadly to do.
View OriginalReply0
Blockwatcher9000vip
· 01-03 21:40
The word "determination" is really spot on, but to be honest, I still get shaky hands. When I see a dip, I want to smash it, haha.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)