Every callback is an opportunity to get on board, and every persistence is a fulfillment of understanding. The path of the cryptocurrency market requires resilience to stand out; if you can't endure, you exit. Yesterday's market showed a strong rebound after hitting a low point, with Bitcoin dropping to 91563 before rebounding, peaking in the early hours and finally settling at 94476; Ethereum followed suit, stabilizing after dipping to around 3296, reaching a high of 3447, aligning well with Bitcoin's overall rhythm.
From a four-hour analysis, after the price surged and then retreated, it recorded several small bearish candles with long upper and lower shadows. The upper shadow highlights that the selling pressure above has not been completely released, while the lower shadow confirms strong buying support below. The current price continues to stabilize above the middle band of the Bollinger Bands, with the strong consolidation structure intact. The bullish trend remains solid, and the market has transitioned from a rapid surge phase to a sideways consolidation period, accumulating sufficient momentum for future trend extension. Observing on an hourly basis, the candlestick pattern shows alternating small bearish and bullish candles, with lower points forming a step-up pattern. The long lower shadows formed during multiple dips have all been quickly covered by bulls, indicating strong willingness to buy at lower levels. Although a previous long upper shadow caused a brief disturbance in market sentiment, it was by no means a substantive reversal signal. The price remains stable above the middle band of the Bollinger Bands, and the morning trading strategy is clearly focused on going long at lower levels.
Bitcoin: Position long around 92000, targeting near 94000
Ethereum: Position long around 3300, targeting near 3450 $BTC
