The market only rewards the rational and steadfast, not the lucky gamblers. Do not lose your composure due to short-term fluctuations; do not doubt yourself because of temporary losses. Every fluctuation is a practice of trading, and every review is an advancement of capability. No matter how long the night is, dawn will come; no matter how twisted the market is, it will eventually return to an upward trend. Your current calmness and patience will eventually yield unexpected surprises at a critical turning point! Bitcoin dipped to the 89300 level, while Ethereum continuously retreated from the high point near 3400 in the morning, stabilizing after falling to the 3165 level, and then starting to rebound.
On the four-hour chart, the market previously fell from the upper Bollinger Band, continuously closing with bearish candles near the lower band. Although it seems to show signs of stabilization, the overall rebound strength is weak and has not returned above the middle band, indicating that the market is still firmly controlled by bears. Although a long lower shadow has appeared at the bottom, reflecting some support at low levels, the subsequent rebound clearly shows a declining strength, and its sustainability is severely lacking, failing to effectively drive prices away from the low area. The current trend essentially still belongs to the realm of technical repair. Switching to the hourly chart, the market has repeatedly closed with lower shadows near the lower Bollinger Band, indicating that short-term support remains valid. However, during the rebound process, it has been firmly suppressed by the middle band, failing to form an effective volume breakout. Although there have been buy orders after multiple dips in price, they have not been able to convert into sustained upward momentum, directly reflecting the severe lack of following buy orders in the market, and bullish sentiment remains sluggish.
Bitcoin: Short directly near 91000, targeting 88000
Ethereum: Short decisively near 3250, targeting 3100$BTC
