The cryptocurrency market is not a short-term speculative gamble, but a practice that transcends cycles. The fluctuations in candlestick charts hide the games of human nature; the ups and downs are all gifts of growth. Only by enduring the silence of the lows can one wait for the gifts of the trends. Anchor direction with awareness, combat restlessness with patience, do not get trapped by momentary rises and falls, do not be confused by the clamor of the market, maintain your original intention and discipline, and persevere through the bulls and bears; eventually, you will welcome your own dawn. From the current trend, the weekend's range fluctuation has not led to a significant market movement; it was only last night that Bitcoin broke above the 90000 point line, causing some panic among the short-sellers, but today's overall downward trend again gives them the confidence to continue shorting.
From the weekly level, the current middle and lower Bollinger Bands are extending downward simultaneously. Although the price has shown a slight rebound relying on the lower band, this still belongs to a short-term technical correction within a larger downtrend. Currently, there is no clear bottom reversal candlestick pattern, nor has there been an effective breakthrough of the middle band, which is a key resistance level; the overall weak pattern has not changed. The support formed near the lower band can only temporarily halt the decline and is insufficient to confirm that the market has stopped falling and stabilized. From the perspective of cyclical interaction, the current narrow-range fluctuations at the daily level still fundamentally obey the weekly downtrend, and its momentum is not enough to reverse the larger trend. Only when the daily level can stabilize around the middle band and gradually pull the weekly trend upward, while the price strongly breaks through the resistance of the weekly middle band, can we truly break the current weak situation. Otherwise, the downward trend at the weekly level is expected to continue.
Operational suggestions:
Bitcoin: Near 90000, target 87000
Altcoin: Near 3100, target 2800
