The downtrend has already bottomed out, and short-term buying opportunities have emerged. In the morning, the market initially continued to decline, followed by a rebound. Bitcoin dropped to around 89300, while Ethereum reached 3165. Subsequently, the market hit the bottom and rebounded. In terms of real market positioning, the buying strategy has already commenced, with Bitcoin entering long positions around 89970 in the morning and Ethereum around 3195 in the afternoon. Friends who already hold long positions should remain patient and wait for the market to rise further.
The current market rebound momentum is steadily being released, and the short-term market has not yet entered a rapid upward phase. A brief consolidation is needed to build strength to digest selling pressure and solidify the foundation for subsequent trends. From the four-hour perspective, the market previously fell from the upper Bollinger band, dropping to the lower band, where bearish momentum was hindered and exhausted, leading to a steady and sustained rebound. The long lower shadow at the bottom highlights strong support below, with robust low-position buying. On the hourly level, although the market is hovering at the lower Bollinger band, the bottom is characterized by continuous lower shadows, significantly damaging bearish momentum. The low support system is solid, providing support for the rebound and upward breakthrough. In the short term, the market will primarily focus on consolidating and building strength, while the rebound trend remains unchanged, necessitating close attention to the stability of support and the continuity of rebound momentum.
Bitcoin 90000-89500 long Target 92000
Ethereum 3190-3160 long Target 3300
