The cryptocurrency market is often turbulent, volatility is the norm, and steadiness is the foundation. Do not be troubled by short-term fluctuations, do not greedily seek quick gains, build a safety margin through understanding, and patiently wait for value to be realized. Steadfastly maintain your principles to navigate through bull and bear markets, and you will eventually see the market bloom. Happy weekend everyone, this morning I remind everyone to short at high positions; I don't know if there has been any divergence. Bitcoin rebounded to a peak of 89758 and dropped to a low of 89165, with market movements being relatively slow, consistently in line with the weekend's choppy pattern.
From the four-hour and one-hour candlestick charts, the market remains in a weak consolidation phase after the decline: the four-hour level rebound continues to be suppressed by moving averages, with short bullish candlestick bodies and long upper shadows indicating insufficient bullish attempts; the one-hour level shows only limited horizontal movement after hitting a low of 87976, with constrained rebound amplitude, and the moving average system continues to exert downward pressure. Currently, there are no effective bottom signals in the overall structure, and the market tends more towards a transitional consolidation phase within a bearish trend. As long as the rebound does not effectively break through 89500, the market will likely continue its weak downward trend. Overall, the current movement is merely a brief pause and recovery within a downward trend; operationally, it is advisable to mainly focus on short positions after rebounds at high levels and not to prematurely bet on a large-scale reversal. If participating in bullish positions, it should be limited to light short-term attempts, with the main direction still leaning towards bearish.
Operational suggestions:
Bitcoin: near 90000, target at 87000
Altcoin: near 3100, target at 2800
