In the waves of rise and fall in the cryptocurrency market, there is no need to be fixated on the momentary fluctuations of numbers. Each fluctuation of the candlestick chart is the market filtering cognition; each accumulation during a bear market is a preparation for the bull market. This morning, the market first showed a brief surge followed by a correction, then began to establish a base with back-and-forth movements. Bitcoin fluctuated around 92300, while Ethereum oscillated near 3250, showing a steady upward trend overall. In actual trading, long positions were successfully entered this morning, with Bitcoin entering at 92168 and Ethereum at 3240. Recent strategies have mainly focused on segments, and friends who have followed the morning's ideas can hold patiently. Those who have not yet entered should look for opportunities to enter.
From the current market perspective, the 4-hour level shows that after a price spike to a short-term high this morning, it faced pressure and fell back, entering a brief correction phase. Currently, the market is dominated by two consecutive days of bearish candles, and the trend is running above the middle band of the Bollinger Bands, with all three bands continuing an upward trend. The middle and upper bands constitute key support and resistance, respectively. The 1-hour level indicates that the price is currently in a relatively strong oscillating pattern, with a relatively strong short-term trend and the Bollinger Bands showing an expanding shape. The second market is significantly synchronized with Bitcoin, and the overall trend is tending to be consistent. In summary, the short-term bullish trend has not changed. Afternoon trading advice can continue the morning's ideas, mainly focusing on buying on dips, but one must be cautious of the 'whipsaw' risk formed by the market's pullback. It is recommended to set a stop-loss level around the middle band at about 91000.
Trading advice:
Bitcoin: around 91800, target 95000
Ethereum: around 3200, target 3500
