Weekend market behavior was unusual, with a deepening rebound and rapid rise. Bitcoin surged to 91,600, and Ethereum rose to 3,165, both touching the 4-hour resistance zone. Currently, it is not recommended to chase breakouts at high levels; instead, watch for a pullback. From the current chart, the 4-hour timeframe shows five consecutive bullish candles, forming a stair-step recovery pattern. The price briefly broke above the Bollinger upper band but was quickly met with resistance. It is now operating near the upper band. Although the upward momentum has not fully exhausted, the long upper shadow on the candlesticks indicates increasing selling pressure above, and the upward space is clearly limited. The hourly chart shows three consecutive bearish candles, with the price falling below the upper band and stabilizing within the middle-upper Bollinger band range. In the short term, the bulls lack the momentum for a sustained breakout. In terms of operation, it is recommended to focus on key support and resistance levels, mainly taking high positions near resistance and low positions near support. BTC trading suggestion: Short around 91,500—92,000, targeting 90,000—89,000, stop loss at 92,600. ETH trading suggestion: Short around 3,150—3,180, targeting 3,100—3,040, stop loss at 3,220.
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1.4 Sunday midday market analysis.
Weekend market behavior was unusual, with a deepening rebound and rapid rise. Bitcoin surged to 91,600, and Ethereum rose to 3,165, both touching the 4-hour resistance zone. Currently, it is not recommended to chase breakouts at high levels; instead, watch for a pullback.
From the current chart, the 4-hour timeframe shows five consecutive bullish candles, forming a stair-step recovery pattern. The price briefly broke above the Bollinger upper band but was quickly met with resistance. It is now operating near the upper band. Although the upward momentum has not fully exhausted, the long upper shadow on the candlesticks indicates increasing selling pressure above, and the upward space is clearly limited.
The hourly chart shows three consecutive bearish candles, with the price falling below the upper band and stabilizing within the middle-upper Bollinger band range. In the short term, the bulls lack the momentum for a sustained breakout.
In terms of operation, it is recommended to focus on key support and resistance levels, mainly taking high positions near resistance and low positions near support.
BTC trading suggestion: Short around 91,500—92,000, targeting 90,000—89,000, stop loss at 92,600.
ETH trading suggestion: Short around 3,150—3,180, targeting 3,100—3,040, stop loss at 3,220.