When the candlestick falls like a waterfall, the market is engulfed by fear, and the real opportunity sparkles at the bottom——a bear market is the best touchstone, filtering out the froth of speculation and leaving behind quality assets worth holding onto. What you need to do is to maintain your positions and stay true to your heart, not to be a fool who panic sells. During the early hours, Bitcoin maintains a narrow range of fluctuations between 87121 and 88349, with up and down fluctuations of about a thousand points, and the competition is temporarily stuck in a stalemate. Ethereum has shown a rebound from the bottom, starting from the low of 2907, and after rising to the pressure line of 2987, it has undergone a slight technical pullback.
In the four-hour cycle, the market continues to fluctuate within the lower band of the Bollinger Bands, with the battle between bulls and bears entering a fever pitch. The resistance and support at the upper and lower boundaries of the range are evident, with prices testing multiple times without forming an effective breakthrough. The short-term fluctuation pattern is expected to continue. From the perspective of technical patterns and trend structures, the market is currently still in a bearish pattern, with bearish momentum continuing to dominate the market rhythm. The current fluctuation essentially belongs to a bear energy accumulation stage, and not a trend reversal signal. Therefore, the subsequent operational strategy is clear: positions can be taken around the upper resistance area of the fluctuation range, gradually laying out short positions under pressure.
Operational suggestions:
Bitcoin: short around 88000, target at 85000
Ethereum: short around 3000, target at 2800
