The fluctuations in the cryptocurrency market are never a game of luck, but rather a practice of understanding and mindset. Each rise and fall of the K-line tests greed and fear; every cycle of bull and bear markets filters out true long-term believers. I have always emphasized that if the direction is wrong, just adjust in time; do not stubbornly stick to your views. The market is always right, it's just about how we apply it. This morning, the market fluctuated downward, with Bitcoin dipping to around 89300, and Ethereum at 3165.
The early session closed with a bearish candle, and the coin price rebounded but faced resistance at the upper Bollinger Band on the daily chart. Currently, it's crucial to focus on the support around 94500; if it breaks, it may weaken further. Although the overall technical structure remains bullish, the short-term upward momentum is insufficient, failing to form an effective breakout. It is recommended to first observe the pullback trend today, and consider entering long positions after the price stabilizes.
Trading Suggestion:
Bitcoin: around 89500, target at 92000
Ethereum: around 3150, target at 3400
