The rise and fall of the crypto market, mindset determines wins and losses. Fluctuations are the norm, patience is the foundation, do not let short-term volatility disturb your mindset, do not let market noise disrupt your judgment. Maintain the baseline of your capital, stabilize your holding strength, navigate through the cycles of bull and bear markets, and understanding and persistence will ultimately illuminate the path to profit. Slowly endure the passage of time, and you will eventually welcome the dawn. This morning, Bitcoin rebounded after dipping to a low of 89242, currently showing a fluctuating consolidation pattern around the 91500 mark, with both parties engaged in brief games within this range. The trend of Ethereum is in sync with Bitcoin, also stabilizing and attempting to rise after a pullback to a low of 3013 this morning, showing a short-term upward fluctuation.
Since the market opened this week, prices have consistently remained above the 90,000 mark. From the weekly structure, the market is likely in the process of forming a temporary top this week, with a low probability of a significant unilateral trend occurring, and it still operates within a triangular consolidation pattern. Currently, the short-term daytime trend continues to rise, having tested the key resistance area near 91800 again. The selling pressure in this area is quite evident, and the upward momentum of prices shows signs of fatigue. Therefore, the current rebound can be seen as an opportunity to establish short positions at elevated prices.
Trading Advice:
Bitcoin: Around 92000, target 89000
Ethereum: Around 3200, target 2900
