The cryptocurrency market is turbulent, and volatility is the norm. Only with composure can one have confidence. There is no need to be trapped in the noise of short-term fluctuations; instead, focus on deepening understanding and holding quality assets to navigate through the cyclical nature of bull and bear markets with a long-term perspective. Safeguard the principal bottom line, endure the loneliness of waiting, and every moment of accumulation and perseverance will eventually realize value over time. After the storm, there will be a market and brightness that belong to you. A new week begins again, and market momentum has already started. The market has rebounded from the bottom again; in the evening, there was a clear downward trend followed by a dramatic rise. The Bitcoin price tested a low of 87688, then 2903, and subsequently started to rebound. Currently, Bitcoin has rebounded and broken through the 91000 level, and Ethereum is above 3100. This week's market overall shows a range-bound operation with continuous tug-of-war between bulls and bears. Market sentiment has fallen into a state of high confusion.
From the observation of Bitcoin's four-hour K-line structure, after the price dipped, a pin bar appeared, but this is not a bullish reversal signal; instead, it further reinforces the current weak pattern. The pin bar indicates that there is some support below, but this support leans more towards passive support rather than active offense— the price has not effectively pulled back, and the K-line body remains weak, indicating that the bulls can only barely hold the market, lacking the ability to change the rhythm. More critically, the pin bar appears within the descending channel, and the overall moving average system exerts pressure from above, while the middle band of the Bollinger Bands continues to move downward, and the price highs are still gradually decreasing. In the context of a clearly weak trend, such pin bars often indicate that bears are releasing some pressure in advance and testing the liquidity below, clearing the path for further downward movement rather than a true signal of price reversal.
Operational Suggestions:
Bitcoin: around 90000, target at 87000
Ethereum: around 3100, target at 2800
