In the fluctuations of the cryptocurrency market, no one can escape the test of the bull and bear cycle. However, the true winners are not merely relying on temporary luck, but on the determination to stay true to themselves and the patience to endure through cycles. Today's market continues in a sideways consolidation pattern. Bitcoin dropped to a low of 91900 in the morning before rebounding slightly; the altcoins followed suit, also rebounding after touching a low of 3286 in the morning, reaching a peak of around 3334. Both bulls and bears are temporarily in a stalemate, waiting for new directional guidance.
From a 4-hour perspective, Bitcoin reached a high of around 93200 in the evening, indicating that resistance still exists above. Subsequently, the market entered a corrective phase. Currently, the price has pulled back towards the middle band of the Bollinger Bands with two consecutive bearish candles, now fluctuating around 91800, showing some support strength below in the short term. Overall, the Bollinger Bands pattern has not changed significantly and remains in an upward trend. The 1-hour perspective shows that the Bollinger Bands are converging, with short-term volatility decreasing and the three bands showing a downward tendency. It is crucial to pay attention to the support strength near the lower band: if the price breaks below this support area, downward space may open; if it can maintain fluctuations above the support, the bullish trend is expected to continue. For evening operations, before the important news is released at dawn, it is recommended to continue positioning long orders above the support, with key support areas below to reference for entry, and set the stop loss at around 91500.
Operation suggestions:
Bitcoin: around 91500, target 96000
Altcoin: around 3250, target 3500
