Recently, Bitcoin's trend has indeed become quite interesting. Currently, the main coin is repeatedly testing above $96,000, with a high approaching $97,900, and it's not far from the key level of $100,000 and the 50-week moving average. Historical experience tells us that the 50-week moving average is an important watershed for judging long-term trends—once it is effectively broken above this level, the medium-term bullish pattern is likely to shift, and a new bullish rally may follow. Those pullbacks that previously seemed like "bear traps" actually indicate that the short-term correction pressure has mostly been released, and the bullish forces are brewing beneath the surface.
Looking at the performance of altcoin Ethereum, a quite standard inverse head and shoulders pattern has appeared on the weekly chart. The neckline of this pattern is around 0.042 ETH. If a volume breakout occurs above this level, based on technical analysis targets, the price could surge to around 0.066 ETH, which is approximately a 95% increase. Interestingly, this pattern is very similar to the early stage of Ethereum's explosive growth from 2019 to 2021, when ETH also outperformed Bitcoin.
In terms of trading strategy, consider accumulating in batches when Bitcoin retraces to around $94,500–$95,000, with a target range of $96,500–$99,000. For ETH, a good entry point is around 3240–3260, with subsequent targets looking toward 3400–3500. Of course, the market is ever-changing, so proper risk management is essential.
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SybilAttackVictim
· 01-19 00:27
94500-95000 bottoming out? I think it's uncertain; this rebound could easily be crushed.
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SignatureDenied
· 01-17 13:19
The 100,000 integer threshold is right in front of us, and it feels like this wave really has something.
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If this inverse head and shoulders pattern on the two-cake breaks, a 95% increase really can't be resisted.
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It's all about risk management and scaling into long positions again; it's a common topic.
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Once the 50-week moving average stabilizes, will a bullish trend really come? Looking forward to it...
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I'm a bit tempted to go long at 94,500, but I still want to see if it can drop a bit more.
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That neckline at 0.042, whether it breaks or not, will be decided in the next couple of days.
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During the 1994 to 2021 cycle, who could have predicted how strong the two-cake would become at the start?
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Bitcoin is almost at 100,000, but somehow I feel like I'm starting to get hesitant?
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Is it true that entering at 3,240 for Ethereum is legit, or are we about to get trapped again?
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RektRecorder
· 01-16 02:53
Still needs to rise above 100,000; only by stabilizing above the 50-week moving average will it be the true starting point.
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ContractHunter
· 01-16 02:52
Bitcoin hitting 100,000 feels like it's really coming this time. Once the 50-week moving average breaks, everything changes.
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BtcDailyResearcher
· 01-16 02:49
The 50-week moving average is indeed a watershed moment.
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SoliditySurvivor
· 01-16 02:28
A 95% increase? If it really can run out like that, then it's taking off!
Recently, Bitcoin's trend has indeed become quite interesting. Currently, the main coin is repeatedly testing above $96,000, with a high approaching $97,900, and it's not far from the key level of $100,000 and the 50-week moving average. Historical experience tells us that the 50-week moving average is an important watershed for judging long-term trends—once it is effectively broken above this level, the medium-term bullish pattern is likely to shift, and a new bullish rally may follow. Those pullbacks that previously seemed like "bear traps" actually indicate that the short-term correction pressure has mostly been released, and the bullish forces are brewing beneath the surface.
Looking at the performance of altcoin Ethereum, a quite standard inverse head and shoulders pattern has appeared on the weekly chart. The neckline of this pattern is around 0.042 ETH. If a volume breakout occurs above this level, based on technical analysis targets, the price could surge to around 0.066 ETH, which is approximately a 95% increase. Interestingly, this pattern is very similar to the early stage of Ethereum's explosive growth from 2019 to 2021, when ETH also outperformed Bitcoin.
In terms of trading strategy, consider accumulating in batches when Bitcoin retraces to around $94,500–$95,000, with a target range of $96,500–$99,000. For ETH, a good entry point is around 3240–3260, with subsequent targets looking toward 3400–3500. Of course, the market is ever-changing, so proper risk management is essential.