🍀 Spring Date with Fortune, Prizes with Raffle! Growth Value Phase 1️⃣ 7️⃣ Spring Raffle Carnival Begins!
Seize Spring's Good Luck! 👉 https://www.gate.com/activities/pointprize?now_period=17
🌟 How to Participate?
1️⃣ Enter [Square] personal homepage, click the points icon next to your avatar to enter [Community Center]
2️⃣ Complete Square or Hot Chat tasks such as posting, commenting, liking, speaking to earn growth value
🎁 Every 300 points can raffle once, 10g gold bars, Gate Red Bull gift box, VIP experience card and more prizes waiting for you to win!
Details 👉 https://www.gate.com/ann
Intraday price volatility continues with narrow-range oscillations. In the afternoon session, the market showed some bullish volume recovery. Bitcoin has rebounded from the daily low of 70000 level, with bullish volume pushing the price back above 71000. However, after the spike higher, there's been no significant continuation, maintaining high-level consolidation. For Ethereum, after retesting support near 2130 in the morning session, the intraday rebound has recovered to 2170 but faces resistance. Overall volume expansion requires monitoring the opening of US equities in the evening.
From the 4-hour chart perspective, the candlesticks show signs of recovery with alternating yin and yang patterns, but the overall market consolidates around key price zones. The bullish volume hasn't further touched the upper key resistance at 72000. The volume from the golden cross has been largely depleted, with KDJ currently at high-level divergence showing signs of potential reversal, suggesting the market may face downward adjustment ahead. The Bollinger Bands remain in a compression structure with strong resistance above and limited upside potential. The evening strategy remains biased toward the downside.
Bitcoin can short at 71200-71500, targeting 70000 nearby. Ethereum can short at 2160-2180, targeting 2100 nearby. #加密市场回涨 $BTC $ETH