🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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#数字货币市场洞察 Bitcoin & Ethereum Afternoon Trend Review on 12.9
In recent days, market sentiment has clearly improved, with buying interest gradually accumulating and the market showing a distinct upward consolidation pattern. Looking at the hourly chart, the previously anticipated W-bottom pattern has played out perfectly—the price was pressured and pulled back after touching the neckline this morning, then quickly rebounded from the lower support zone, forming a clear signal of a bottom. The double bottom pattern is now confirmed.
Looking at the candlesticks, there is a clear long lower shadow at the bottom, which directly reflects the strong support at that level and indicates that selling pressure has been mostly absorbed. This pattern, combined with the volume performance, lays a solid foundation for the next rebound. Bullish signals are becoming increasingly clear.
In terms of trading strategy, rather than going against the trend, it’s better to follow it. You can build long positions in the support area, with a key focus on defending the 92,000 resistance. If volume supports a strong breakout at this level, there could be more room to the upside. Overall, the market structure remains bullish. Within this confirmed trend, maintaining patience and waiting for pullbacks to enter is a more prudent strategy.
$BTC Specific reference levels:
- For Bitcoin, consider going long around 90,000, targeting 92,000
For Ethereum, specific reference levels:
- For ETH, consider going long around 3,100, targeting 3,200
After a thorough bottom formation, the rebound will need time to be confirmed, but overall, the bullish outlook has already taken shape.