The cryptocurrency market is unpredictable; only patience and clarity can provide the foundation for breakthroughs. There's no need to panic over short-term fluctuations; the market never lacks opportunities, but it does require respect for capital and the ability to resist temptation. Volatility is the norm; understanding defines the height of perception, and long-termism will eventually allow time to crystallize into value, transcending bull and bear markets. Reflecting on the morning market, Bitcoin accurately retraced to a low of 89242 before quickly stopping its decline, currently oscillating around the key level of 91500, with rebound momentum continuously being released! Ethereum is also exhibiting a bottom-rebound trend, stabilizing quickly after dipping to a low of 3028, currently peaking at around 3179, closely following Bitcoin's rhythm, with full interactivity! The overall market has shaken off the weak pullback and has officially switched to an oscillating upward mode. Those who hesitate to enter might miss this round of rebound profits!
On the weekly level, both Bitcoin and Ethereum closed with bullish candles, but have not yet effectively broken through the key weekly resistance levels—Bitcoin is near 94000, while Ethereum is around 3200. On the daily chart, Bitcoin maintains a steady upward rhythm, with the current key pressure zone of 93500-94500 still effective. After the market first tested, it retraced to the support level of 89000, and it is expected to test the upper pressure again. If it successfully breaks through, it is likely to further challenge the 100000 round number; conversely, if it fails to break effectively, the market may continue the previously mentioned box oscillation pattern. Ethereum's trend is basically in sync with Bitcoin; the current key resistance level of 3230 has not been effectively broken, and the market is also retracing to the support level of 3000 while preparing to test the pressure again. If an effective breakthrough is formed, it may challenge the 3600 level; otherwise, the market will also initially establish a new box structure, entering an oscillation adjustment phase. Observing from the 4-hour level, both Bitcoin and Ethereum are in a trend of testing previous highs after retracing to support. If constrained by the box structure, the market may rise and then fall back; however, if an effective breakthrough occurs, it can continue to look upwards towards higher targets. The current price is close to the upper edge of the box structure's pressure, so it is advised to prioritize short positions in subsequent operations.
Operational Suggestions:
Bitcoin: around 93000, target 90000
Ethereum: around 3200, target 2900
