Gate 2025 Year-End Community Festival. Today’s early trading tested below the 91,000 level but quickly recovered, with clear support at lower levels, followed by a rebound. Four consecutive bullish candles on the hourly chart indicate a rapid recovery from previous declines, with short-term bullish momentum gradually warming up and a phase bottoming pattern basically confirmed.
Although several candles on the hourly chart have long wicks, indicating ongoing tug-of-war between bulls and bears in the key zone, technical indicators show the KDJ lines accelerating upward and diverging, while the MACD has turned from green to red and is expected to form a golden cross. The short-term rebound structure is gradually taking shape, and continued upward movement is only a matter of time. In terms of trading: - For BTC, consider buying on dips in the 90800–91400 range, with the target above at around 93000; - For ETH, consider setting long positions in the 3130–3150 range, with a rebound target near 3250.
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Gate 2025 Year-End Community Festival. Today’s early trading tested below the 91,000 level but quickly recovered, with clear support at lower levels, followed by a rebound. Four consecutive bullish candles on the hourly chart indicate a rapid recovery from previous declines, with short-term bullish momentum gradually warming up and a phase bottoming pattern basically confirmed.
Although several candles on the hourly chart have long wicks, indicating ongoing tug-of-war between bulls and bears in the key zone, technical indicators show the KDJ lines accelerating upward and diverging, while the MACD has turned from green to red and is expected to form a golden cross. The short-term rebound structure is gradually taking shape, and continued upward movement is only a matter of time.
In terms of trading:
- For BTC, consider buying on dips in the 90800–91400 range, with the target above at around 93000;
- For ETH, consider setting long positions in the 3130–3150 range, with a rebound target near 3250.