The rise and fall of the cryptocurrency market is a norm, and perseverance is the confidence. There is no need to chase fleeting trends, and do not be disturbed by the myths of others' sudden wealth; awareness and patience are the confidence to navigate through bull and bear markets. In a bear market, focus on strengthening awareness, while in a bull market, steadily control greed. Do not rely on luck or emotions; protect the principal and maintain rhythm. Over time, persistence will turn into surprises, and stability will pave a smooth path. Being able to stay in the market for the long term is already the greatest advantage. This morning, Bitcoin rose to around 91374 points before encountering a correction, dropping to a low of around 89500 points before stabilizing and rebounding; Ethereum mirrored Bitcoin, initially rising to 3153 points before facing downward pressure, rebounding after hitting a low of 3090.
From the current market perspective, the price has been consolidating narrowly below the midpoint of the range on an hourly level, with volatility gradually narrowing, reflecting strong market wait-and-see sentiment and insufficient momentum. In terms of candlestick patterns, a clear long lower shadow appears at the bottom, indicating strong support below and sufficient release of selling pressure, which is expected to build strength for the subsequent rebound. In terms of operation, it is recommended to use the effective breakthrough of key resistance levels as a trend confirmation signal; before the market forms a clear direction, a range-bound strategy can be temporarily adopted, patiently waiting for the market structure to become clearer before choosing to operate in the direction of the trend.
Operational suggestions:
Bitcoin: around 89800, target at 92000
Ethereum: around 3050, target at 3400
