The market always has opportunities, what is lacking is the confidence to seize them. Some hesitate and wait, while others strike precisely; the difference lies between 'execution' and 'judgment.' Yesterday, Bitcoin's price touched the resistance at around 92287 and then fell back for adjustment, with a lowest point near 89612. Currently, it is in a phase of range-bound consolidation; the Ether trend synchronized with Bitcoin, rising to 3179 before facing resistance and retreating, with a lowest point reaching around 3088. Yesterday, Jinlin's major Bitcoin three trades cumulatively gained 5885 points, while Ether's three trades accumulated a gain of 336 points.

From the current perspective, the 4-hour level of the market remains in a standoff pattern, without a clear directional breakout. Observing the overall candlestick structure, the market's competitive range shows a gradual convergence, with the Bollinger Bands also narrowing, indicating that short-term market volatility is decreasing. In the hourly cycle, the KDJ indicator's three lines are accelerating downward, and the momentum continues to weaken, suggesting that there is still further room for downward price movement. At the 1-hour level, the price formed a rapid plunge to near the lower Bollinger Band after experiencing five consecutive bearish candles, closing as a candlestick pattern with a long upper shadow. Although there was an attempt to organize a counterattack, an effective rebound repair was not achieved. The continuous appearance of lower shadows indicates that there is certain support in the lower range, and the current horizontal consolidation is more of a technical repair in the market. The overall trend maintains a downward pattern, and it is expected that after completing the technical repair, the correction trend will continue to extend. In the evening, we will first follow the trend, while in the morning we will pay attention to the potential rebound repair situation that may occur after the market closes.

Tuesday early morning thoughts: Bitcoin around 89500-89000, aiming for around 91000

Tuesday early morning thoughts: Ether around 3050-3030, aiming for around 3180. $BTC $ETH