Maintain a stable mindset and manage positions; this is the last opportunity for a turnaround. Don't judge heroes based on momentary successes or failures, but rather on who can walk steadily and live long. The setbacks you have experienced will only make you stronger. Looking back at the weekend market, the entire market is tightly locked in a range-bound oscillation. Bitcoin is oscillating back and forth around the critical range of 89000, with both bulls and bears in a deadlock, unable to achieve an effective breakthrough. Ethereum has been following Bitcoin throughout, oscillating around the 3000 point mark, completely in sync with the overall market rhythm.
From the four-hour chart perspective, although the market has alternating ups and downs, the price immediately rebounds after hitting the middle band of the Bollinger Bands and can stand back above the middle band. This indicates that the support below is very solid, and the market's center of gravity has not shifted downward at all. Currently, the market is consolidating and gathering strength at a key balance point, which often prepares for the next wave of movement. As market sentiment gradually warms up, as long as the price can stabilize above the key support level, the probability of breaking through the middle band of the Bollinger Bands and opening up upward space will increase, with pullbacks being good opportunities to enter long positions. Once the market can effectively break through, it is expected to continue to rise to new highs.
Bitcoin: Go long around 88500, target 90000
Ethereum: Go long around 2970, target 3100$BTC
