Leveraging funds and the confrontation of opportunities and risks, a single thought determines gains and losses, the trading battlefield tests courage and strategy, dream chasers compete for wealth opportunities, looking back at yesterday's midnight market, Bitcoin carried the evening's downward momentum, with the price touching the lowest level of 85073 before stopping the decline and rebounding, reaching a high of 86521, the market entered a range oscillation mode, Ethereum's trend was similar, stabilizing and rising after dipping to a low of 2890 at midnight, as morning approached, the price warmed up to the high position of 2966.
From the current market perspective, Bitcoin presents a large bearish candlestick pattern on the four-hour cycle, with the price having tested the lower Bollinger Band, and the previously accumulated gains have been given back by more than half. Although the downward momentum has slightly slowed down after touching the lower band, it has not weakened due to the short-term rebound, and the overall situation remains in a oscillating downward consolidation pattern. On the hourly level, two consecutive bearish candles have broken through the previous support level, and the downward momentum continues to operate within the descending channel, which reflects the market's oversold sentiment accumulating. Moreover, as various moving average indicators appear to be synchronously diverging downwards, it suggests that the price still has the possibility of further probing downwards. However, currently, the closing phase has paused the downward trend near the key support around 86000, and the market still possesses the momentum for a second rebound for correction. Therefore, in terms of operations, a light position can be considered for a short-term long in the early session to observe the market's correction situation, and based on the pressure performance of the second pullback channel in the future market, further determine the medium to long-term layout direction.
Bitcoin: Long positions near 86000 with a target focus near 88000.
Ethereum: Long positions near 2950 with a target focus near 3100.
