In the waves of rise and fall in the cryptocurrency market, no one can avoid fluctuations, but some can maintain their core. Every jump of the candlestick is both a test of the market and a cultivation of one's character—do not be intoxicated by the floating profits during surges, as they are merely flowers in the mirror; do not panic about the shrinking chips during drops, as opportunities are often hidden behind panic. The morning session showed significant market fluctuations, with Bitcoin and Ethereum initially under pressure and then rebounding after touching the bottom, encountering resistance around 89000 and 3150, respectively, where it could not move higher. The contest between bulls and bears in the current market is becoming increasingly fierce, with prices oscillating within a small range. The low bullish strategy we provided in the morning session has already allowed everyone to make money.
In the current four-hour trend, the market has continuously produced three bullish candles, presenting a steady oscillating upward rhythm, with prices gradually testing the pressure of the middle band of the Bollinger Bands. The overall state of the Bollinger Bands shows a narrowing condition, indicating that the market is still in a consolidation phase, yet to effectively break through the current oscillation range. However, the support below is solid, and recent low points have gradually risen, indicating that the market's focus is gently shifting upward. Although the middle band of the Bollinger Bands is still slowly moving downward, the price structure has gradually shown resilience in favor of the bulls. Further observation of the one-hour trend shows that after experiencing a significant corrective phase, the market is gradually warming up, with prices having risen to near the upper band of the Bollinger Bands. The rebound highs continue to rise, forming a pattern of small bullish candles oscillating upward. This structure of gradually rising lows and orderly advancing upward rhythm reflects that the buying power in the market is gradually accumulating, and bullish sentiment continues to warm up.
Operational suggestions:
Bitcoin: around 89000, target 91000
Ethereum: around 3100, target 3300
