The volatile market is the most challenging for the mindset, but the more it swings up and down, the more we need to stay steady! Don't be misled by the small tricks of the main players; remember the strategy and anchor points. Only by enduring the volatility can we seize the subsequent strong trends! After Bitcoin's sharp drop yesterday, it didn't continue to fall nor rebound, but has been fluctuating around the 90000 mark. The current market is a typical case of exchanging time for space; we must be patient and wait for the direction to become clear. As long as the key resistance level above is not broken, we will continue to focus on a low-buy strategy during the day.
Currently, the volatility pattern is intact, and the play of selling high and buying low remains reliable. From the 1-hour K-line perspective, when the price plummeted to the key support level last night, buying funds poured in, firmly catching the sell-off and preventing the decline from expanding. The market then entered a consolidation phase. Now, the chart is filled with small red and green candles alternating, with fluctuations becoming smaller and trading volume decreasing. Both bulls and bears are temporarily at a stalemate, and the market has entered a short-term adjustment period. Everyone, don't panic; volatility is just a warm-up before a major trend starts. As long as the core support level holds, and the trading volume gradually builds up, it will provide strength for the next wave of upward movement. The more it is like this, the more we need to stay calm, adhere to the core logic, withstand the fluctuations, and stand firm in the market.
Bitcoin: Buy in the 90000-89500 range, with a target first looking near 92000.
Ethereum: Buy in the 3070-3100 range, with a target first looking near 3200. $ETH
