There are no shortcuts to trading in the market; maintaining a steady mindset is the key to achieving profits. Enduring fluctuations allows one to grasp trends. Lao Qin always emphasizes that keeping a calm focus and patiently waiting is far better than blindly following the crowd. Volatility is the norm; only by enduring the lows can one welcome opportunities. Focus on maintaining the rhythm and adhering to logic, as profits are never absent. Reviewing the price movements of Bitcoin and Ethereum from early morning to the morning, Bitcoin peaked above 90,000 in the early morning before pulling back, approaching the morning's lowest point around 88,800 to stop falling, and is currently touching the 89,500 mark; Ethereum is oscillating overall within the range of 3,065 to 3,023, with smooth fluctuations.
On the four-hour level, the trend remains weak and downward, with alternating small bearish and bullish candles slowly declining. The rebound is sustained without volume and is suppressed by the upper moving averages, with the market clearly constrained. Currently, it is consolidating at a low level with reduced volume, with bulls and bears temporarily in a standoff, still digesting previous selling pressure. On the hourly chart, there are repeated tests at low levels showing some local resistance, but the rebound is difficult to break through key resistance due to being suppressed by the Bollinger middle band, with heavy positions and insufficient momentum. Overall, the oscillation is weak, and while it has not broken the previous low, it lacks strength to turn around. The market is mainly dominated by bears, with weak rebounds and pressure moving downwards. The strategy is to short during rebounds at high points, with strict stop-loss settings, patiently waiting for signals of pressure, and being cautious of further downside testing support after horizontal consolidation. #山寨季将至?
Bitcoin: Can be traded around 90,000 to 90,500, targeting 88,5000$BTC
Ethereum: Can be traded around 3,080, targeting 3000$ETH

