The rise and fall in the cryptocurrency market is never the end, but a journey of cultivating mindset and foresight. The fluctuations of the K-line resemble the ebb and flow of tides; the noise of chasing up and killing down will eventually fade away. Only those who maintain the bottom line of risk control and understand the long-term trend can traverse the cycles of bulls and bears. Early Thursday morning, the price comparison was supported by news around 92000, rebounding to the pressure line of 94443 before falling back. After dropping to around 98300 in the afternoon, the price also showed signs of warming. After the opening of the US stock market in the afternoon, it fell to the intraday low around 89200 and then fluctuated slightly. The Ethereum market exhibited a similar trend, rebounding to the high point of 3446 before stopping and retracing, and then falling to the low point of 3142 in the evening.
From the current market perspective, the 4-hour level market continues to oscillate within the lower band of the Bollinger Bands, without releasing a clear directional signal. The K-line pattern shows a narrow fluctuation pattern of alternating yin and yang, with intensified long and short battles leading to significantly elongated upper and lower shadows on the K-line; although bears dominate in the short term, the price quickly rebounded after dropping to the key support level, and the technical aspect has shown potential momentum for a short-term rebound. Switching to the 1-hour level, the market continues to be constrained within the oscillation range of the box, and the opening of the Bollinger Bands is continuously converging, indicating that the market is in a critical state of accumulation; although the MACD indicator is still running below the zero axis, the fast and slow lines have shown signs of turning upwards, and a golden cross structure has initially formed. Overall, it is advisable to consider laying out around the support level during the early hours to capture a rebound market.
Operational suggestions:
Bitcoin: around 90500 for a long position, target at 93000
Ethereum: around 3150 for a long position, target at 3400
