The current range-bound consolidation continues, and trading should be anchored on the core logic of range fluctuations: before a significant breakout above key resistance levels, it remains practical to short at high levels and buy at low levels. The 1-hour chart shows that after yesterday’s price dipped to the core support, buying interest came in, and the market transitioned into consolidation. The candlesticks are fragmented, volatility has narrowed, and volume has declined, indicating a temporary balance between bulls and bears. Consolidation often precedes a trend, and with current support solid and volume accumulating, a potential upward move is being prepared. Traders should remain patient, closely monitor the range logic, and wait for a breakout signal. Bitcoin suggestion: Buy within the 89000~90000 range, targets: 91000, 92000, 93000 Ethereum suggestion: Buy within the 3050~3100 range, targets: 3150, 3200, 32500
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.
12.14 Afternoon Analysis
The current range-bound consolidation continues, and trading should be anchored on the core logic of range fluctuations: before a significant breakout above key resistance levels, it remains practical to short at high levels and buy at low levels. The 1-hour chart shows that after yesterday’s price dipped to the core support, buying interest came in, and the market transitioned into consolidation. The candlesticks are fragmented, volatility has narrowed, and volume has declined, indicating a temporary balance between bulls and bears. Consolidation often precedes a trend, and with current support solid and volume accumulating, a potential upward move is being prepared. Traders should remain patient, closely monitor the range logic, and wait for a breakout signal.
Bitcoin suggestion: Buy within the 89000~90000 range, targets: 91000, 92000, 93000
Ethereum suggestion: Buy within the 3050~3100 range, targets: 3150, 3200, 32500