In the cryptocurrency world, fluctuations are the norm. Staying true to oneself amidst the storms will reveal long-term brilliance. Do not let short-term volatility disturb your mindset, nor be misled by the illusion of sudden wealth. Stop-loss is the clarity of self-protection, and patience is the foundation of compound interest. Reduce blind conformity and impatience, increase rationality and certainty, and progress steadily. Every bit of perseverance lays the groundwork for your own market trend. Keep your mindset steady to achieve a stable and far-reaching journey. Bitcoin dropped from 89553 to a low point and then gradually climbed up to 91338, followed by a slight retreat, stabilizing around 90200 for adjustment; Ethereum followed Bitcoin's rhythm, hitting a low of 3066 before surging over 100 points to 3152, but it couldn't hold and retreated to around 3110.
Currently, market sentiment continues to warm up, with bullish momentum gradually increasing. The market has shown a clear trend of oscillating upwards, with an overall pattern leaning towards a strong continuation. From the hourly chart perspective, the previously predicted W-bottom technical pattern has been accurately fulfilled. The morning market touched the neck line of the pattern and then fell back under pressure, dipping to the bottom support area, followed by a rapid rebound that formed an effective stop-loss, with a second bottom structure fully established. In terms of candlestick patterns, a significant long lower shadow appears at the bottom, visually confirming that the support area has strong resilience, and the selling pressure has been fully released, further enhancing the momentum for the subsequent rebound. Currently, bullish attack signals remain clear, and it is recommended to actively layout long positions based on the bullish trend. In the short term, focus on the pressure near the peak of the W shape around the 92000 mark, and flexibly adjust the position rhythm based on the breakthrough situation at that level.
Operation suggestion:
Bitcoin: around 89800, target at 92000
Ethereum: around 3050, target at 3400
