Reviewing the cryptocurrency market movement in the early hours today, Bitcoin quickly rebounded after breaking below the 90,000 mark, with this drop being a typical false breakout pattern. Once the 90,000 level was confirmed as support, the price rapidly climbed to the 91,400 range.
After the market successfully held the key psychological level of 90,000, it completed a classic shakeout with sideways movement, and the technical structure remains healthy. The current pullback is a normal retest of the previous breakout level at 91,400 and shows strong volume-price resonance with "rising on increased volume and pulling back on decreased volume." As long as the price holds the 90,200-90,500 support zone, the short-term upward channel will remain solid, and after some consolidation, there is potential for another move up toward the 91,800-92,000 resistance area, with bullish momentum expected.
BTC #BTC Long positions can be considered in the 90,000-89,500 range, with a target near 93,000; ETH #ETH Long positions can be considered in the 3,100-3,080 range, with a target near 3,250. #美联储降息预测 #SUIETF正式上线
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.
Reviewing the cryptocurrency market movement in the early hours today, Bitcoin quickly rebounded after breaking below the 90,000 mark, with this drop being a typical false breakout pattern. Once the 90,000 level was confirmed as support, the price rapidly climbed to the 91,400 range.
After the market successfully held the key psychological level of 90,000, it completed a classic shakeout with sideways movement, and the technical structure remains healthy. The current pullback is a normal retest of the previous breakout level at 91,400 and shows strong volume-price resonance with "rising on increased volume and pulling back on decreased volume." As long as the price holds the 90,200-90,500 support zone, the short-term upward channel will remain solid, and after some consolidation, there is potential for another move up toward the 91,800-92,000 resistance area, with bullish momentum expected.
BTC #BTC
Long positions can be considered in the 90,000-89,500 range, with a target near 93,000;
ETH #ETH
Long positions can be considered in the 3,100-3,080 range, with a target near 3,250.
#美联储降息预测 #SUIETF正式上线