In the waves of rise and fall in the cryptocurrency market, no one can always accurately catch every market trend, but those who can stay true to their hearts will eventually navigate through the bull and bear markets. The fluctuations of candlestick charts are merely the cyclical emotions of the market; those steep declines that leave you frantic and those surges that make you euphoric will ultimately settle down. The midnight market quickly passes, and the market again falls into a tug-of-war, with Bitcoin fluctuating narrowly around 87500, while Ethereum hovers around the 2940 point.
From the current four-hour level chart, Bitcoin has formed a three consecutive bullish candlestick structure, with prices strongly rising to near the middle track of the Bollinger Bands, showing signs of marginal slowing in rebound momentum, consistent with the day's predicted trend. If the market cannot effectively break through the key resistance area above, it may temporarily shift into a correction phase. It is worth noting that the lower part of the bullish candlestick bodies is accompanied by relatively long lower shadows, indicating significant buying support during the correction process, suggesting that the current rise is still within the established upward channel, maintaining overall structural stability, and also indicating that there is still room for further price surges. At the hourly chart level, prices show an alternating oscillation pattern between bulls and bears, but the Bollinger Bands have gradually shifted from a narrow to a wide state, which typically indicates that bullish momentum is being re-accumulated, and short-term trends remain positive. In summary, based on the analysis of multiple timeframe technical signals, the current chart, after a brief consolidation, is expected to continue the previous upward trend. In terms of operations, it is recommended to continue focusing on placing long positions after corrections, paying close attention to the price stabilization performance in the support area, and confirming with the breakout momentum of key resistance levels.
Operational Suggestions:
Bitcoin: around 87000, target 90000
Ethereum: around 2900, target 3200
