The cryptocurrency market is unpredictable, with fluctuations being the norm. Maintaining a calm mindset is the key to longevity. The principal is the confidence that remains at the poker table, stop-loss is the wisdom of gathering strength for rebirth, and patience is the key to navigating through bull and bear markets. There is no need to be anxious about short-term fluctuations; reduce impulsive chasing of price increases, and increase the determination for value investing. Enduring the lows will ultimately lead to a favorable trend; every bit of perseverance and accumulation is paving the way for a harvest and glory. Yesterday, there was a surge from 89000 to 92000, which may not seem like much but is a small rebound. It was a clear bait-and-squeeze market. Anyone who has been in the cryptocurrency space for many years can see this. Currently, the market is hovering around the 90000 mark. This position carries risks whether it goes down or up, so it is advisable to wait until the market direction is clearer before deciding. The highest before the daily candlestick report was 92260, the lowest was 89550, and the trend indicators are continuing to contract. The fast and slow lines are converging, indicating that the market may also see a contraction, lasting at least a week. The current rebound trend continues, with bullish strength once again gaining traction. From the four-hour perspective, the price briefly dipped below the middle line of the Bollinger Bands but quickly rebounded, showing a clear rebound pattern, indicating that the middle line support is still effective, and bearish momentum has not sustained a breakthrough. Market sentiment is gradually shifting towards bullish. The hourly level shows that the market is currently operating in the lower Bollinger Bands area, with significant bottom support. The candlesticks have formed long lower shadows, reflecting clear resistance against bearish movements, with insufficient downward momentum. Overall, the current trend maintains a rebound pattern. It is recommended to position long orders in line with the trend and seize the opportunity for upward movement.
Operation suggestions:
Bitcoin: around 90500, target 93000
Ethereum: around 3080, target 3400
