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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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Last night, the market showed a strong bullish trend. Bitcoin stabilized around $66,100 and continued to surge with increased volume, successfully breaking through and stabilizing above the key psychological level of $70,000. Ethereum also started its rally from around $1,910, and the current price has risen to approximately $2,065. This upward move was accompanied by a significant increase in trading volume, indicating active inflow of new funds and a strong market bullish sentiment.
From a technical perspective, the daily chart for Bitcoin has confirmed a breakout of the previous resistance zone between $68,000 and $69,500. The short-term moving averages are arranged in a bullish alignment, and the MACD indicator has formed a golden cross upward, opening space for further gains. Ethereum has also effectively broken through the strong resistance zone of $2,000-$2,040, with a daily bullish candlestick confirming the breakout's validity. It is currently trading within an upward channel, and technical indicators still show upward momentum.
Overall, market dominance has shifted to the bulls. If Bitcoin can hold above $70,000, the next targets to watch are in the $72,000-$74,000 range; after stabilizing above $2,050, Ethereum may attempt to test the $2,100-$2,150 zone. In terms of trading strategy, it is recommended to adopt a bullish approach on dips after support is confirmed, while paying attention to key support levels to manage risk. #当前行情抄底还是观望? $BTC