Bitcoin once again demonstrated the classic pattern of sharp rise, pullback, and rebound yesterday. From the 4-hour chart, the current market remains firmly bullish with ample momentum. After multiple attempts to break through the resistance level were pushed back, it finally successfully broke through a key price level recently, rallying all the way up to 93,600.
Interestingly, during this rally, although there were rapid surges and pullbacks, and frequent dips, none of these changes altered the overall upward trend. Each time the price was knocked down, the market quickly regained the upward trajectory. This resilience indicates that the bulls are indeed in control.
During this early morning period, it is recommended to focus on dips as entry points for bullish positions:
**Bitcoin**: The 92,700-92,500 range is worth watching for long opportunities, with a key resistance at 94,000 above.
**Ethereum**: The 3,150-3,130 range is also a good entry zone, with a focus on 3,230 above.
The current momentum remains bullish. As long as each pullback can return to the upward channel, there are no signs of a trend reversal.
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RugDocDetective
· 3h ago
It's the same pattern of rising sharply, pulling back, and then rebounding again. I've been watching it for a year now.
Are the bulls controlling the market? Why do I keep getting knocked down?
Entered at 92,500, sold at 94,000—another gambler's game.
I didn't touch the 3,150 level; I got trapped in my last position and haven't been able to get out since.
Resilience? All I see is my wallet in a downward trend, stretched to the limit.
Every time, they say there's no change in the trend signal. By the time it actually changes, I've already suffered heavy losses.
Still, as I said, even if the market rises again, I won't dare to chase it.
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MidnightSeller
· 3h ago
It's the same old story, bullish control, strong resilience, no change in trend... I've heard it a hundred times, buddy.
It's either a surge followed by a pullback or a rebound. How long can this cycle continue to repeat?
Entering at 92,500 is indeed tempting, but I'm worried it's just another trap.
Let's wait and see; it feels a bit like a bear trap.
For those staying up late to watch the market, what are you thinking? Isn't it more exciting to go all-in directly?
If it drops back again this time, I'll really be laughing.
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PonziDetector
· 3h ago
It's the same old trick again, claiming that the bulls have strong control every time, but then they sell off immediately after.
Whether Bitcoin can stabilize above 94k in this wave depends mainly on how the institutions play it.
Buying the dip at 3150-3130 for Ethereum? I think we should wait a bit; this pace is too fast.
Every time there's a pullback, they say the trend hasn't changed. I'm getting tired of hearing that.
Around 92,500 could be a good try, but don't go all-in—leave yourself some room to breathe.
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StealthDeployer
· 3h ago
It's the same old trick again, always claiming bullish control and strong resilience. So, what's the result? I just want to know how long this can keep rising this time.
Bitcoin once again demonstrated the classic pattern of sharp rise, pullback, and rebound yesterday. From the 4-hour chart, the current market remains firmly bullish with ample momentum. After multiple attempts to break through the resistance level were pushed back, it finally successfully broke through a key price level recently, rallying all the way up to 93,600.
Interestingly, during this rally, although there were rapid surges and pullbacks, and frequent dips, none of these changes altered the overall upward trend. Each time the price was knocked down, the market quickly regained the upward trajectory. This resilience indicates that the bulls are indeed in control.
During this early morning period, it is recommended to focus on dips as entry points for bullish positions:
**Bitcoin**: The 92,700-92,500 range is worth watching for long opportunities, with a key resistance at 94,000 above.
**Ethereum**: The 3,150-3,130 range is also a good entry zone, with a focus on 3,230 above.
The current momentum remains bullish. As long as each pullback can return to the upward channel, there are no signs of a trend reversal.