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The recent cryptocurrency market has entered an interesting phase. The price action the day before yesterday gave us quite a few insights—Bitcoin started to retrace from the 93,728 level in the early morning, reaching a low of around 91,209, then began to rebound. By the morning session, the price had surged to the 93,825 level, showing good momentum. However, it then pulled back again, and in the evening, it entered a range-bound oscillation around 90,700.
Ethereum's performance was largely synchronized, falling from 3,277 to a low of 3,180, then rebounding to around 3,301, and finally consolidating around 3,130.
Speaking of trading experience, the day before yesterday early morning, we positioned long positions in the 91,500-92,000 range, while Ethereum was entered around 3,220-3,200. The market precisely hit our predicted target levels, which always makes us feel that the market is somewhat predictable.
After the morning, the strategy shifted to short positions, with Bitcoin preparing to short around 93,500-94,000, and Ethereum considering the same around 3,280. The market quickly responded, further validating this logic. However, by evening, we re-entered long positions near 91,500, with Ethereum around 3,200-3,180. This rebound was clearly weak, offering little room for operation, so all long positions were exited near cost.
The summary of the previous day's operations is as follows: Bitcoin followed a four-short one-long approach, ultimately gaining a profit of 3,989 points; Ethereum followed a one-long two-short rhythm, capturing 167 points.
From a broader perspective, the current market has clearly entered a consolidation phase. The most noteworthy support is around 90,500-90,000—this support level is not only present but also quite solid. Every time the price slightly retraces to this area, bulls respond quickly, indicating a certain consensus between buyers and sellers in this zone.
Although the overall fluctuation remains within the range, one detail is worth noting: multiple attempts to test this support level downward have not resulted in a true breakdown. Each time, the price recovers some of the lost ground, reflecting a certain market rebound demand. Of course, currently, bulls and bears are still in a tug-of-war, with no one having a clear upper hand.
Based on these observations, the trading strategy should prioritize following the rebound momentum of the bulls. Entering long positions in line with the trend is a safer approach. Specifically, Bitcoin can be positioned long in the 90,500-90,000 range, with a target near 93,500. For Ethereum, consider entering long around 3,120-3,100, with a target near 3,250.
Market opportunities often hide within such noise and skepticism. True value lies not in capturing every tiny fluctuation but in possessing the judgment to penetrate the market fog—being able to foresee the next move while most are still hesitating.