Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#数字货币市场回调 This wave of movement today is, to be honest, quite interesting.



The early session rebounded from a low of 86140, grinding up to around 87249 in the afternoon before hitting a wall, with a pullback to a low of 86321. I thought we would continue to grind the bottom, but suddenly in the evening, it accelerated upwards, directly pulling up to 91309. ETH was even more exaggerated, hovering in a narrow range of 2781-2834 for most of the day, then exploding in the evening along with BTC, reaching 3026. Today I reviewed my operations; BTC captured a space of 2229 points, while ETH gained 93 points.

From the daily chart, BTC has finally closed a decent bullish candle, ending the previous series of downward trends. The Bollinger Bands show slight signs of opening, with the middle band beginning to act as short-term support, while the upper band forms a resistance level near 93000. However, the overall structure has not completely reversed yet, and the effects of the previous weakness are still present.

On the four-hour level, it has been suppressed by the downward trend line for a while, but today’s surge has likely broken through. The trading volume has also increased, and the short-term bullish momentum has been released quite sufficiently. However, we must also be cautious about potential pullback pressure near previous resistance levels—after all, the rise has been too rapid.

The one-hour level is even more apparent, with continuous bullish candles pushing the price upward rapidly. After the price broke through the short-term moving average, the moving average formed a bullish arrangement, and the Bollinger Bands maintained an opening state. Under this pattern, short-term bullish momentum is still relatively sufficient. Therefore, my thought is that if there is a pullback in the early morning, it can be considered to go long in the trend.

Specifically, regarding the points: BTC can consider laying out long positions around 90,000, with a target near 92,000; ETH can be entered around 2,980, with a target near 3,100.

Of course, the market changes rapidly, and this is just a judgment based on the current trend. Operations still need to be adjusted flexibly according to the real-time market situation, with strict stop-loss measures.
BTC-1.17%
ETH-0.98%
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
  • 6
  • Repost
  • Share
Comment
0/400
GasFeeCryvip
· 12-04 01:02
Damn, today's pump was insane, straight to 5k? When ETH followed and exploded, I almost didn't react in time. Too bad I didn't get in.
View OriginalReply0
ProofOfNothingvip
· 12-02 17:10
Dude, this wave really pumped quickly, but I'm still a bit worried that it might suddenly get dumped when it shoots up like this. --- 2229 points? Are you serious? I feel like I just reacted and it's gone. --- Going long after a pullback in the early morning sounds easy, but what if it directly falls below 90000? --- ETH is still grinding at the bottom; it doesn't feel like it will reach 3100 that quickly, let's continue to watch. --- This kind of Candlestick pattern looks nice, but the volume isn't keeping up, we still need to be cautious. --- Just because the Bollinger Bands are opening doesn't mean it can rise? I got played for a sucker last time because of that. --- 90000 is a bit precarious; it feels like it will be tested repeatedly, so don't rush to enter a position. --- Catching more than two thousand points and then showing off, I went out to get beaten up directly. --- Long positions are a good signal, but that previous big dump was the real "decent" one. --- How do I set a stop loss? This kind of rapid pump is the easiest to flash crash, it hurts the Wallet.
View OriginalReply0
Blockblindvip
· 12-02 17:09
The evening pump was really amazing, I also got a piece of it, but I'm afraid it will be repetitive again.
View OriginalReply0
WalletDoomsDayvip
· 12-02 17:06
The surge this evening is a bit intense, it really caught me off guard. Just yesterday, we were still bottoming out, and suddenly it shot up to 91k, while ETH absurdly jumped to 3k. But we still need to be cautious with such a rapid pump, as it feels like we might hit a resistance level ahead.
View OriginalReply0
ContractFreelancervip
· 12-02 17:04
Wow, this pump is really amazing, it went from 86 to 91 and directly To da moon, I just watched it rise and missed out.
View OriginalReply0
ruggedNotShruggedvip
· 12-02 16:59
This wave is really intense, going straight from 86 to 91, the rise is too fast and a bit unreal.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)