The horizontal wave is not a waste of time, but is accumulating strength for the next market segment. Opportunities are always reserved for those who are prepared and take action. Don't let the fluctuations wear down your patience. Maintain your mindset and grasp the right direction. The real big space in the cryptocurrency circle often lies just in the next step you take when you persist.
From the current candlestick structure, the overall trend is still in a weak oscillation phase after a decline: after a large bearish candle quickly dropped in the four-hour level, the low price has been consistently running below the moving average. Subsequently, multiple small entity candlesticks consolidated sideways, and the center of gravity did not rise, indicating that after the selling pressure was released, there was no effective support. More so, it is a time correction after the bears exited. Although the lower shadow has touched the bottom multiple times, the rebound strength is limited, reflecting a cautious willingness of funds to enter. The one-hour level shows repeated tug-of-war at low levels, with poor continuity in bullish candles, and bearish candles easily giving back gains. The candlestick structure is fragmented, and it has not been able to form a continuous upward pattern. Overall, it looks more like a weak oscillation accumulation rather than a signal of strengthening. In summary, the current trend is still mainly a weak consolidation, with no reversal in direction. Before the key pressure is effectively reclaimed, the market is still inclined toward limited rebounds and weak oscillation.
Bitcoin 90000-90500 short, target around 88500;
Ethereum 3100-3130 short, target around 3000.#BTC #ETH $BTC
