There is no need to envy the short-term surges of others; those seemingly lucky double returns are backed by the resilience of enduring through the lows. Don’t panic and make hasty decisions due to temporary floating losses; a bear market is a touchstone that will filter out 90% of the bubbles, leaving behind the truly valuable core assets. Remember, what you hold is not just tokens, but also confidence in the long-term development of the industry. Time will allow quality projects to settle into gold, while speculative investors will be eliminated by the market. On Monday morning, after Bitcoin surged to a high of 89600, it retraced, dipping to a low of 87845 before stopping the decline, and then entered a fluctuating upward rhythm. In the evening, it reached a high of 90599 before facing pressure and retreating; the behavior also exhibited a fluctuating rebound trend, dipping to a low of 2966 in the morning before rising again, and in the evening, it reached a high of 3077 before retreating again.
From a daily perspective, the price has recorded four consecutive days of gains and is currently actively testing the resistance around the middle band of the Bollinger Bands. The MACD indicator's golden cross pattern is solid and continues to extend upwards, while the KDJ three lines also maintain a synchronous upward divergence pattern, indicating that the current bullish momentum is still continuing and strengthening. Overall, the daily level still maintains a clear strong bias, and the upward structure remains intact. Focusing on the 4-hour level, the price experienced a technical adjustment after five consecutive days of gains, which is a natural rest after continuous rises. It is worth noting that the opening of the Bollinger Bands channel in this period continues to expand, indicating increased market volatility and further upward space being opened, with the trend strength not diminishing. Although the candlestick has a long upper shadow, reflecting some pressure at short-term highs, the main technical indicators within this period still generally operate in a strong area, and there are no signs of a trend reversal. Therefore, the market tone at the 4-hour level still leans towards bullish, and the brief consolidation can be viewed as a rhythm adjustment in the upward process. Overall, the market exhibits a bullish dominant characteristic at both the daily and 4-hour levels, with short-term fluctuations being a normal technical correction within the trend, and the overall upward pattern remains unchanged.
Operational suggestions:
Bitcoin: Around 88300, target looking at 91000
Second Bitcoin: Around 2950, target looking at 3300
