CryptoAdventurer
vip

Market observation early this morning



Bitcoin started a rebound structure at the $104,000 level during the early hours. From the chart pattern, this price level forms a typical bullish engulfing pattern, with trading volume increasing by more than twice compared to the previous hour, indicating that buying power is actively entering the market.

At present, the price is forming a triangle consolidation pattern in the range of $104,500-104,900, the RSI indicator on the hourly chart is oscillating horizontally between the neutral range of 40-60, and the MACD green bar is gradually shortening and is expected to cross above the zero line. In particular, the $104,900 level is an important resistance resonance zone with the upper Bollinger Bands as the previous neckline.

The current market shows a clear short-term wait-and-see sentiment. From a technical perspective, it is recommended to pay close attention to whether the price can break through the triangular consolidation range and its breakout direction. Ensure to implement proper stop-loss controls in your operations.

Bitcoin support range: $103,300 - $102,800
Target upper range: $105,300 - $105,800

Ethereum support range: $2460-$2420
Upward target area: 2540-2580 USD
View Original
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 7
  • Share
Comment
0/400
MidsommarWalletvip
· 12h ago
Here it comes, enter a position and get ready to da moon.
Reply0
LiquidatedNotStirredvip
· 12h ago
Is it going to go up to 10.5? Hmm, let's wait and see.
Reply0
ChainPoetvip
· 12h ago
It's another day to dance with 100,000.
Reply0
Layer2Observervip
· 12h ago
Strictly speaking, this is a Sideways consolidation phase, and the MACD's severe Fluctuation is an abnormal signal, with market sentiment leaning towards neutrality.
Reply0
AirdropChaservip
· 13h ago
This shuttle all the way, my brothers.
Reply0
SolidityJestervip
· 13h ago
Breaking through 105,000 is not a dream.
Reply0
MidnightSellervip
· 13h ago
Zeh, is another wave of Rebound coming?
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 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)