Thursday Market Review: Bitcoin and Ethereum both experience high-level consolidation, with the upward momentum appearing somewhat weak.



The most noticeable phenomenon is this—prices are climbing, but trading volume is shrinking. This is a classic divergence between volume and price, indicating that buyer enthusiasm is cooling off and short-term upward momentum is clearly lacking.

Technical signals are also not very optimistic. The MACD histogram is gradually shrinking, suggesting that upward momentum is waning; RSI has entered overbought territory, which usually indicates increasing risk of a pullback after a rally.

Based on the current technical patterns, Bitcoin's short-term focus should be on the resistance zone of 96000-96500. If it cannot stabilize above this range, it may retest the support levels at 95000-94500. For Ethereum, the key resistance is at 3300-3270, with support below at 3240-3210.

It is important to note that market volatility is indeed high, and risks are significant. The above is only a technical reference; specific operations should be based on your own risk tolerance.
BTC1.18%
ETH1.43%
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LiquidationTherapistvip
· 9h ago
The divergence between price and volume is back again. Looks like it has to drop further to feel comfortable. --- RSI was overbought long ago; it's a bit late to react now. --- Talking about support and resistance levels again, but ultimately it still depends on luck. --- I believe the signal of shrinking trading volume; a decline is coming. --- If 96,500 can't be broken, get ready to buy the dip. It probably won't be that simple. --- This round of rally feels a bit fake; I think a correction is coming. --- Insufficient trading volume is the most unconvincing trend. --- The 3300 level for Ethereum feels a bit shaky. --- It seems like Bitcoin is about to drop; better reduce your position quickly. --- The overbought zone has been occupied for two weeks. Is a crash imminent?
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BottomMisservip
· 9h ago
The divergence between price and volume is back again. Every time, they say it will pull back, but then they turn around and push the market up. Truly impressive. However, this time the RSI overbought condition is a bit fake. It feels like a shakeout before a comfortable move. Let's wait until 96,000 breaks. Right now, everyone calling for a short is just waiting to get hit.
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StableBoivip
· 10h ago
Is the old trick of divergence between volume and price just a repeat of the downward script? Reminded me of the last time I said the same thing, and it shot straight to the top. Technical analysis is just a deceptive tool. If 96,000 can't be broken, just wait to be smashed. Anyway, I've already exited this idea long ago. Why is this overbought signal so obvious this time? Why wasn't it this accurate before? Still the same advice: don't regret buying the dip when it falls, and don't manually cut your positions when it rises. Gambling requires the gambler's mindset. Volume shrinks but prices still rise. Is the main force selling off or accumulating? Honestly, I just can't understand it.
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