Based on recent market trends, the market is showing strong characteristics, which is not only reflected in price movements but also in the relatively stable control of the bulls.
Observing Bitcoin's trend, the overnight volatility was limited, and it is still consolidating within a range in the short term. Although there was a slight upward push in the morning, it was followed by a pullback. This pattern of rising and falling remains the main tone at present. However, it is worth noting that the support levels below are quite solid, and the short-term bullish dominance remains.
From the daily and weekly charts, signs of sideways correction are evident, maintaining an overall strong pattern. The consolidation phase of such a strong trend usually does not last long, typically completing within 3 days, after which larger movements often follow. The key is to closely monitor the volume increase after the consolidation ends.
On the 4-hour chart, the retracement after a rally is not a trend reversal signal; in fact, it is the bulls accumulating energy and correcting technical indicators. This means that in the next two days, grinding at high levels will remain normal, and even if there is a pullback, it will likely be a small confirmation, with a higher probability of the overall strength continuing.
The subsequent trading logic should follow the strength of the correction. If there is a direct surge after a strong consolidation, consider entering long positions on the pullback. The core idea remains unchanged—buy on dips.
Specific reference points: Bitcoin can consider long positions around 90800-90500, with a target near 92500; Ethereum can be positioned long around 3080-3100, with a short-term target near 3180.
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DisillusiionOracle
· 55m ago
Is it another time to go long during a pullback? Buddy, I'm tired of hearing this kind of talk.
View OriginalReply0
JustHereForMemes
· 1h ago
Bottoming out, bottoming out again. When will it finally start to rise truly?
View OriginalReply0
MetaverseLandlord
· 01-13 20:03
Buying on dips—I'm tired of hearing this saying. The question is, when will the dip come?
View OriginalReply0
SmartContractWorker
· 01-13 01:52
Bottoming out, just bottoming out, anyway the bulls haven't wavered. I believe in this logic.
View OriginalReply0
HashBandit
· 01-13 01:52
honestly the 3-day consolidation thesis keeps me up at night ngl... back in my mining days we'd see these exact patterns right before the network congestion hit different. anyway if support holds at 90500 then gas fees won't matter much i guess
Reply0
hodl_therapist
· 01-13 01:47
Well, let it bottom out, I don't mind if it drops again. I'll just buy more on dips.
View OriginalReply0
CryptoCrazyGF
· 01-13 01:46
Coming back to bottom out? I think it's just waiting for a major positive event to dump the market. Stop constantly pushing up and then pulling back, it's so annoying.
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TokenAlchemist
· 01-13 01:43
nah this "3-day consolidation" thesis is way too neat... market doesn't work like your textbook liquidation cascades. the support holding is just mean reversion mechanics, nothing alpha about it tbh
Reply0
DAOdreamer
· 01-13 01:39
Just grind the bottom, the key is still waiting for the moment of volume increase.
Based on recent market trends, the market is showing strong characteristics, which is not only reflected in price movements but also in the relatively stable control of the bulls.
Observing Bitcoin's trend, the overnight volatility was limited, and it is still consolidating within a range in the short term. Although there was a slight upward push in the morning, it was followed by a pullback. This pattern of rising and falling remains the main tone at present. However, it is worth noting that the support levels below are quite solid, and the short-term bullish dominance remains.
From the daily and weekly charts, signs of sideways correction are evident, maintaining an overall strong pattern. The consolidation phase of such a strong trend usually does not last long, typically completing within 3 days, after which larger movements often follow. The key is to closely monitor the volume increase after the consolidation ends.
On the 4-hour chart, the retracement after a rally is not a trend reversal signal; in fact, it is the bulls accumulating energy and correcting technical indicators. This means that in the next two days, grinding at high levels will remain normal, and even if there is a pullback, it will likely be a small confirmation, with a higher probability of the overall strength continuing.
The subsequent trading logic should follow the strength of the correction. If there is a direct surge after a strong consolidation, consider entering long positions on the pullback. The core idea remains unchanged—buy on dips.
Specific reference points: Bitcoin can consider long positions around 90800-90500, with a target near 92500; Ethereum can be positioned long around 3080-3100, with a short-term target near 3180.