Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Those fluctuations that keep you tossing and turning, those moments of regaining courage after a liquidation, and those silent perseverance in a bear market are all the confidence to traverse cycles. Currently, Bitcoin shows a pattern of first rising then correcting with volatile movements. In the morning, it surged to around 91,600, then retreated to around 91,000 in the afternoon, and in the evening, it maintained oscillation around 91,300.
From the four-hour chart, Bitcoin remains in a strong consolidation phase within an overall upward trend. The price consistently stays above the trendline and key central zones. Although the pace of higher highs has slowed, each pullback is relatively limited, with no signs of breakdown or sharp decline, indicating that the market is releasing upward pressure while support below remains solid. The current pattern is more of a digestion after an increase rather than a top reversal signal, belonging to a phase of adjustment that trades time for space. On the one-hour level, it shows a sideways consolidation pattern, with bulls and bears repeatedly fighting over key areas. Each dip is quickly pulled back, and the lows are gradually rising, indicating weak bearish persistence. Although there are short-term fluctuations, the overall structure remains intact. As long as there is no rapid volume-driven breakdown of key support, it can still be regarded as a strong consolidation phase.
Trading suggestions:
Bitcoin: Around 90,500, consider buying, target 93,000
Second Bitcoin: Around 3,080, consider buying, target 3,300