Friday Thoughts

In the early morning, the market synchronized with a rise and fall, with Bitcoin reaching a high of 91843 before fluctuating downwards, retreating to around 91114 for consolidation; the altcoin also peaked at 3044 before being pressured and falling, fluctuating around the 3003 level. The long position strategy set for the evening accurately matched the market rhythm, and currently, the market is in a stage of fluctuation and consolidation. Only by enduring the passage of time can one retain the confidence for a significant market movement!

From a technical analysis perspective, the four-hour level shows a two-black-covering-white pattern, with the price steadily rising along the moving average, and the volume displaying a typical accumulation trend. The MACD indicator continues to rise after a golden cross below the zero axis, highlighting a strong bullish pattern; the one-hour cycle has entered a correction phase, with the price touching previous highs and then retreating under pressure. The Bollinger Bands are narrowing, and the RSI indicator is neutrally fluctuating in the 50-60 range. This price divergence consolidation pattern is essentially a power accumulation phase before the continuation of the trend.

Bitcoin correction at around 89500-90500, looking up at 92500-93000

Altcoin correction at around 2950-2985, looking up at 3100-3200-3300