The true strong players in the cryptocurrency world are not the lucky ones who bet right on a hundredfold market once, but the steadfast individuals who can endure through bull and bear cycles. The bear market is the best touchstone, filtering out restless speculators while solidifying truly valuable projects and insights. Those who grit their teeth and endure the troughs, carefully summarize their losses, and continuously accumulate knowledge will eventually transform into armor against risks. The weekend market is characterized by intense long and short battles, maintaining a small range of fluctuations; today, Bitcoin continues to decline, rebounding after hitting a low of 87504, with an accelerated increase during lunchtime, peaking at 89972; Ethereum initially dips before rising, rebounding strongly after testing a low of 3052, but faces resistance and falls back after reaching around 3150, with short-term rebound momentum becoming prominent.
From the current market perspective, the daily chart has shown a three consecutive bearish candle pattern, with prices continuously declining to near the lower Bollinger Band. Although there was a doji candle during the session indicating some consolidation, it failed to reverse the overall weak pattern, and the market weakness has not seen substantial improvement, remaining under pressure in a downward channel. On the four-hour chart, the moving average system and technical indicators are showing slight signs of rebounding, indicating that there is some room for recovery in the short term. Currently, the 89000-89500 range has transformed into a recent key resistance zone; if the subsequent rebound fails to break through this area with effective trading volume, the moving average system will form dynamic pressure, potentially enhancing the bearish momentum again. Short-term attention should be focused on the support strength around the previous low of 87900; if this level is lost, the downward space may further open up, potentially probing down to the 85000-86000 range.
Operational suggestions:
Bitcoin: near 88500, target 91000
Ethereum: near 3050, target 3300
