In the world of contracts in the crypto world, every time you Enter a Position, it's like standing on the edge of a cliff of fate, whether to shatter into pieces or soar to the sky, all depends on a moment's choice. On Tuesday, the Bitcoin market peaked at 114733 in the morning before halting, and then started a downward trend. By the afternoon, the price touched a low of 112620 before rebounding, and in the evening, after rebounding to a high of 113657, it faced pressure again. The Ethereum market followed the downward trend of Bitcoin, with the price touching a high of 4246 in the morning before falling back, maintaining a downward trend to the current low of 4049. During the trading hours, the trader successfully followed the trend with short order layouts for Bitcoin and Ethereum, entering positions around 114438 and 4203, and taking profits around 112822 and 4141, with Bitcoin short order capturing a space of 1600 points and Ethereum short order capturing a space of 62 points.



According to the current market, the four-hour level shows that the price is gradually descending from the upper Bollinger Band, and the current price has reached above the middle Bollinger Band. Although the KDJ and RSI indicators are showing a downward extension of the three lines, the MACD fast and slow lines are still operating above the zero axis. Moreover, the middle Bollinger Band serves as a lifeline for the bulls, providing strong support. Therefore, this round of pullback is merely a technical correction after the price probes higher. From the one-hour perspective, after experiencing two consecutive bearish candles, the market has stopped and rebounded, with bullish momentum somewhat recovering. The previous significant drop has exhausted the bearish momentum, and currently, it cannot promote the price to break through the lower Bollinger Band for a second time. Since the bearish momentum has dissipated, we can look forward to the bulls' rebound at midnight.

Bitcoin near 112800 can go long, target looking at 114500
You can go long near Ethereum 4080, targeting 4200.
#GatePerpDEX正式上线 #成长值抽奖赢iPhone17和周边 #加密市场反弹
BTC4.92%
ETH11.42%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)