The cryptocurrency market is unpredictable, with both rises and falls being commonplace. The true winners are not those who rely on luck, but those who maintain a stable mindset and adhere to discipline. The principal is the foundation that remains at the table, stop-loss is the awareness of market respect, cognition is the light that pierces through the fog, and patience is the wisdom to wait for the cycle. Do not be greedy for short-term profits, do not be trapped by temporary fluctuations, avoid impatience and following trends, and hold on to value firmly. Enduring the cold winter of a bear market will eventually lead to the glory of a bull market. Every bit of accumulation and perseverance paves the way for long-term profitability. Yesterday, there was a wave of upward movement from 89000 all the way to 92000, which, although not large, can be seen as a small rebound. It was a clear bait for short positions. Anyone who has been in the cryptocurrency circle for many years can see this. The market has been consolidating around the 90000 mark, and regardless of whether it moves south or north from this position, there are risks involved. It is advisable to wait until the market moves 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 will also show contraction, with a duration of at least one week.
From the current market perspective, the four-hour Bollinger Bands are showing a contracting trend, with prices running between the upper and middle bands, overall presenting a range-bound oscillation pattern. In terms of technical indicators, the KDJ three lines are diverging upwards, reflecting a short-term recovery in buying power, but the pressure from above remains significant, and a clear trend direction has not yet formed. On the hourly level, prices have established a small box oscillation structure, with the upper and lower bounds being touched multiple times and showing effective rebounds, indicating that this range has strong support and resistance. During the oscillation process, there have been frequent appearances of doji candlesticks, indicating intense games between bulls and bears in the current area, with market sentiment tending towards balance. Although there have been occasional rebounds during the session, the overall price still has not escaped the box range, and a trend breakthrough signal has not yet appeared. In terms of morning operations, it is recommended to wait for the market to pull back to nearby key support levels before considering positioning, and to pay attention to risk protection, primarily following the trend.
Trading Suggestions:
Bitcoin: around 90000, target looking at 93000
Altcoin: around 3080, target looking at 3400
