The fluctuations of the K-line are like tides coming and going. The panic selling during fear and the chasing of highs during euphoria are merely tests of the market's greed and fear. True winners are never swayed by short-term fluctuations; they understand the restraint of 'not selling high and not buying low', guarding the principle of 'diversified investment to protect the principal', and believing that 'time is the best friend' of long-termism. Reviewing the midnight period, the coin price showed a continuous rise, with high volatility maintained. Bitcoin rose from a low of 89288 to a high of 93547 before facing pressure, after which the coin price experienced a slight pullback. Ethereum followed Bitcoin's movement, rebounding from a low near 3153 at midnight, until the coin price reached a high near 3272 in the early morning before stopping its decline, followed by a period of consolidation!
The current market is in a recovery phase after pressure and retreat. Although the upward channel is temporarily blocked, bullish momentum is gradually accumulating. Observing from the four-hour level, relying on two strong bullish candles, the price broke through from the lower Bollinger Band to the middle band area, briefly touching the upper band pressure before retreating for consolidation. The adjustment is nearing its end; after the K-line dipped to the middle band, it quickly rebounded, with a long lower shadow indicating strong support below, laying a foundation for subsequent rebound trends. At the hourly level, the three tracks of the Bollinger Band are diverging upwards simultaneously, with the K-line driving the price to oscillate upwards. The market's bullish trend is clear, and the rising pace remains coherent.
Operating recommendations:
Big coin: around 91500, target at 95000
Second coin: around 3180, target at 3500
