The fluctuations in the cryptocurrency market are not a judgment of fate, but a practice of awareness and patience. Every rise and fall of the K-line is the market screening for true adherents—some are trapped in FOMO emotions chasing highs and lows, while others navigate the bull and bear cycles with iron rules. The morning price comparison is around 86000, and in the afternoon, it fell from the low point of 85226, stopping at a rebound. The market warmed up to rise to around 86577 before fluctuating nearby, and Ethereum's market showed the same pattern, experiencing a surge to around 2976 in the morning before facing pressure and retreating, falling to around 2870 in the afternoon; the market is currently in a technical recovery phase.
From the 4-hour cycle, Bitcoin previously broke through the previous high with a substantial long bullish candle, then slightly retraced to enter a high-level consolidation. The K-line shows narrow fluctuations of alternating bullish and bearish movements, with no deep adjustments observed in the day, indicating that the bullish strength still dominates. The current sideways movement can be seen as a consolidation phase in an upward trend, and the overall structure remains intact. After the consolidation ends, it is expected that the price will again challenge the previous high. In the 1-hour cycle, the price continues to hover near the upper band of the Bollinger Bands, with the channel gradually narrowing, and market volatility significantly converging. This pattern usually indicates that the short-term market is about to face a directional choice. In terms of operations, it is recommended to continue the trend-following long strategy, relying on key support areas to gradually build long positions, seizing the potential upward breakout opportunities that may arise, while also paying attention to risk management.
Operation suggestions:
Bitcoin: around 85500, target at 90000
Ethereum: around 2850, target at 3200
