$BTC Every callback is a quality entry opportunity. Every position held is a realization of cognitive value. In the crypto market game, only those who endure the oscillation cycle can stand out. Those lacking composure will ultimately be eliminated by the market. Yesterday's market showed a strong pattern of probing the bottom and rebounding. Bitcoin dipped to a low of 91563 in the evening before stabilizing and rebounding, breaking through the previous high in the early morning, ultimately rising to a high of 94476. Ethereum's trend is highly correlated with Bitcoin, dipping to around 3296 in the evening before stopping the decline and rebounding, reaching a peak of 3447. Overall, both exhibit a synchronized strengthening trend.
The four-hour cycle shows a weak consolidation downward pattern, with candlesticks alternating between small bearish and bullish lines. The rebound momentum continues to be insufficient, and the upper moving average system has a significant suppressive effect. Currently, it is in a low-level consolidation phase after the release of bearish momentum, with trading volume gradually shrinking. The market is gradually digesting the momentum formed by the previous significant decline. If the key support below does not break, then there is no risk of accelerated downward movement for the higher-level cycle. The hourly line shows a relatively clear rhythm, with multiple retests of low levels showing signs of capital support. Short-term stop-loss signals are initially emerging, while selling pressure above has not weakened. In a weak oscillating structure, if prices do not create new lows, a technical corrective rebound may occur at any time.
Bitcoin: Layout short positions around 91500, target around 89000.
Ethereum: Layout short positions in the 3270-3300 range, target around 3150.
