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Afternoon market trend: after testing higher and pulling back, the price retraced to around 66,800 before stopping the decline and recovering. From afternoon to evening, the bulls continued to volume up and push higher, with Bitcoin once again approaching 68,500 before facing resistance and pulling back. Ethereum's movement synchronized with Bitcoin, constantly testing high-pressure levels, with a maximum surge near 2020 before facing resistance. Currently, the price remains around 2000 with sideways fluctuations. If the direction is wrong, efforts are wasted; when the wind turns, even pigs can fly. Right now, it's just waiting for a pullback confirmation to position. This morning, we suggested entering long positions on a pullback; at noon, the current price action almost confirmed a bullish outlook; in the afternoon, we highlighted key resistance levels and continued to see bullish potential. All positions have been successfully taken off for profit within the day.
On the 4-hour chart, after testing the bottom at 65569 and rebounding, the lows are starting to lift, indicating that the bullish structure is being repaired. Although the current price is constrained by resistance around 68500, multiple attempts to break lower have failed, leaving clear lower shadows, which shows strong buying support below. The long lower shadow at 65569 confirms a short-term bottom. The rebound is moderate but the center of gravity is moving upward, and an effective large bearish break-down pattern has not formed. The candlestick pattern still shows a converging buildup, with multiple attempts to test during the day unsuccessful. However, the market has already formed an upward structure, waiting for the evening US stock market to open and push higher with increased volume. On smaller timeframes, the upward movement appears stair-step, with support levels stabilizing. The overall outlook remains optimistic for the market to continue rising and testing higher levels.
Bitcoin can be bought around 67000-67300, targeting near 68500, with a continuation to break through and reach 70000. Ethereum can be bought around 1960, targeting near 2050. $BTC #Gate2月透明度报告 $ETH