Don't let floating profits cloud your judgment, nor let losses extinguish your faith. The principal is your qualification at the table, stop-loss is the ticket for the next opportunity, and patience is the ticket to navigate through cycles. Those who have endured the lows of a bear market and avoided the traps of air coins will eventually understand: making money in the crypto world is not about quick luck, but rather the compounding of knowledge and the rewards of self-discipline. Currently, although the market is in a state of continuous fluctuation, our bearish outlook remains unchanged, with the Bitcoin target at 86000-85500, and the altcoin target at 2880-2830. For those who have entered the market, be patient and hold on, waiting for the dawn of victory in the early morning market! The daily strategy has captured over 2800 points in Bitcoin! Ethereum's synchronized strategy has gained over 137 points!
From the current chart observation, at the 4-hour level, the coin price encountered significant resistance near 87700 after two consecutive days of recovery. It then entered a gradual correction phase. The price is currently consolidating around 86400, with the Bollinger Bands showing a downward opening pattern, and the key support level located near 86000. The coin price is currently trying to test upwards relying on this support. The 1-hour level exhibits a slightly strong oscillation pattern, with the Bollinger Bands narrowing indicating a decrease in market volatility. In terms of indicators, the KDJ has formed a golden cross above 50, the RSI is around 48.9 showing a neutral to slightly strong state, and the MACD has a golden cross below the zero axis but with weak momentum, caution is needed for the risk of price pullback after a rise. Overall, the market is still in a phase of range-bound correction. In the short term, if the oscillation structure continues, look for high sell and low buy opportunities.
Trading suggestions:
Bitcoin: around 87000, target 90000
Altcoin: around 2900, target 3200
