Looking at the 4-hour chart, this wave of rebound has shown pretty strong momentum. After a period of consolidation, a double bottom pattern has gradually formed at the base, with each low point higher than the last, indicating that this level has indeed held. Now the price is repeatedly testing the middle band, with the bulls clearly building up strength.
#数字货币市场洞察 and ETH have both had significant volatility recently, but since the last sharp decline, market sentiment has been gradually recovering. The bears don't have the same aggressive force as before, and the likelihood of another heavy sell-off is decreasing. Trends naturally involve ups and downs; pullbacks are actually a sign of gathering strength, and that's perfectly normal. Technically, it's clear that the momentum for price recovery is strengthening, and the initiative is shifting towards the bulls.
Next, the focus is on whether the bulls can break out with strong volume. If they can hold steady at key levels, the upside potential will open up. For short-term trades, you can consider entering long positions in batches when the price pulls back to confirm support, following the trend. Overall, there are already signs of the market turning stronger, and the probability of a steady upward move is increasing.
For BTC in the early session, consider going long near 93000, targeting 94500.
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CryptoMom
· 12-04 00:40
The double bottom has held, it really feels like there's a chance this time. It's been building up for quite a while.
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MidnightSeller
· 12-04 00:38
With the double bottom holding steady, it's time to get in, but this rebound is indeed something. I'm also watching around 93000, just worried it might be another flash in the pan.
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FOMOrektGuy
· 12-04 00:30
Double bottom pattern, the bulls really seem to be gearing up for a big move. Feels like a breakout is coming.
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GasWaster
· 12-04 00:28
Has the double bottom held? This move really looks quite comfortable, I get that pent-up feeling. Just worried that when it breaks out, it might end up being a fake breakout again.
Looking at the 4-hour chart, this wave of rebound has shown pretty strong momentum. After a period of consolidation, a double bottom pattern has gradually formed at the base, with each low point higher than the last, indicating that this level has indeed held. Now the price is repeatedly testing the middle band, with the bulls clearly building up strength.
#数字货币市场洞察 and ETH have both had significant volatility recently, but since the last sharp decline, market sentiment has been gradually recovering. The bears don't have the same aggressive force as before, and the likelihood of another heavy sell-off is decreasing. Trends naturally involve ups and downs; pullbacks are actually a sign of gathering strength, and that's perfectly normal. Technically, it's clear that the momentum for price recovery is strengthening, and the initiative is shifting towards the bulls.
Next, the focus is on whether the bulls can break out with strong volume. If they can hold steady at key levels, the upside potential will open up. For short-term trades, you can consider entering long positions in batches when the price pulls back to confirm support, following the trend. Overall, there are already signs of the market turning stronger, and the probability of a steady upward move is increasing.
For BTC in the early session, consider going long near 93000, targeting 94500.
For ETH, go long near 3160, targeting 3250.