My attitude towards Bitcoin remains cautiously bullish. The key level at 887, which was previously tracked for a long position, experienced a deep retracement after breaking through 97k. This also reflects the continuation of the upward structure on the 4-hour chart. From a risk management perspective, if this trendline is broken, I will need to reassess the bullish outlook.
Ethereum hasn't been updated for a while. On the long-term chart, it has tested the annual opening price, and the higher time frame clearly leans bullish. However, there is a hardware condition—if the weekly chart cannot hold the 2800 support level, then the target of 3770 in February will be difficult to achieve.
Back to the US Dollar Index. Ultimately, all bullish signals depend on the performance of the US Dollar Index. The current level of 6.241% is gradually becoming a resistance on the higher time frame. If it cannot break through and stabilize above the 6.6% line, my bullish outlook for the entire market remains valid.
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RektRecovery
· 16h ago
nah the whole bull case collapses if dxy doesn't break 6.6%... classic setup for painful liquidations tbh
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ContractSurrender
· 17h ago
If it breaks below 887, it will be really panic-inducing, but the 4h structure is still holding up.
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MetamaskMechanic
· 17h ago
Breaking below 887 would be troublesome. Whether this retracement can hold is the key.
My attitude towards Bitcoin remains cautiously bullish. The key level at 887, which was previously tracked for a long position, experienced a deep retracement after breaking through 97k. This also reflects the continuation of the upward structure on the 4-hour chart. From a risk management perspective, if this trendline is broken, I will need to reassess the bullish outlook.
Ethereum hasn't been updated for a while. On the long-term chart, it has tested the annual opening price, and the higher time frame clearly leans bullish. However, there is a hardware condition—if the weekly chart cannot hold the 2800 support level, then the target of 3770 in February will be difficult to achieve.
Back to the US Dollar Index. Ultimately, all bullish signals depend on the performance of the US Dollar Index. The current level of 6.241% is gradually becoming a resistance on the higher time frame. If it cannot break through and stabilize above the 6.6% line, my bullish outlook for the entire market remains valid.