2.4



BTC
The House has passed the funding bill, which is now on Trump’s desk for signing. The government shutdown has ended. The market, as we expected, did not last long around the shutdown period. Now, the focus is on when the price will stop falling. Currently, Bitcoin is approaching the 71,300 level, which is also the upper boundary of a previous consolidation zone. We have observed that in the past few days, the price has been oscillating around 76,000. Since MicroStrategy’s cost basis is near 76,000, there are no clear signs of a reversal at this level yet. However, given the previous accumulation zone around 71,300, a rebound is likely. Watch whether it can stabilize above 81,700. If it cannot, the trend remains downward. In summary, intraday, we should monitor whether the four-hour divergence can continue, and whether the candlestick can return to the zero axis for a rebound. Overall, a small rebound is expected at this level, with support at 73,100-71,300 and resistance at 77,700-79,000.

ETH
Ethereum is similar; currently, there is no complete reversal. At the same time, attention should be paid to the four-hour correction. In summary, if the price does not break below 2,175 today, a small rebound is likely, with a target around 2,370. Support levels are at 2,175-2,050, and resistance levels are at 2,320-2,375-2,430.
BTC-2,61%
ETH-1,46%
View Original
post-image
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
  • 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)