In the waves of rise and fall in the cryptocurrency market, there is no everlasting smooth path, but there are persistent travelers. Each fluctuation of the candlestick reflects the market's selection of mindset, and every night and day of turbulence is a tempering of belief. There is no need to be anxious about short-term floating losses, nor should one be impatient due to temporary profits. All unexpected rises and falls are either the gifts of profit or the lessons of growth. This morning, Bitcoin oscillated upwards relying on the fragmented sun slow push model from around 85820 points, reaching a peak of 87323 points; the altcoin synchronized with Bitcoin, steadily moving from a low point of 2820 points, currently touching the line around 2856 points. The precision layout of the winning strategy this morning remains in the holding phase, and has not yet reached the target profit point.
Currently, Bitcoin is quoted around 86900. In the past 24 hours, the price quickly rebounded after a dive to a low point, completely reversing the previous continuous decline, indicating that bearish momentum has clearly weakened, and the 85000 level has formed effective support. From the four-hour level, the price showed a strong rebound after hitting the lower track of the Bollinger Bands, with significant support from the lower track. Currently, the downward slope of the Bollinger Bands continues to slow, and the distance between the tracks is narrowing, indicating that the trend of breaking upwards after a consolidation is strengthening. The candlestick presents a typical bottom-fishing rebound shape, with the closing price firmly above the lower edge of the oscillation range, and the short-term pattern is dominated by bulls. Seizing this market opportunity is promising. Seizing this market opportunity is promising!
Operation suggestions:
Bitcoin: around 86500, target at 89000
Altcoin: around 2800, target at 3100
