In the ups and downs of the cryptocurrency market, there's no need to panic over short-term fluctuations, nor should speculative impulses be mistaken for faith. Bull and bear cycles are the norm; winter is never the end, but rather a touchstone for filtering value and original intent—truly quality assets are always refined through the sedimentation of a bear market. In the ups and downs of the cryptocurrency market, there's no need to panic over short-term fluctuations, nor should speculative impulses be mistaken for faith. Bull and bear cycles are the norm; winter is never the end, but rather a touchstone for filtering value and original intent—truly quality assets are always refined through the sedimentation of a bear market. Looking back at the early morning, Bitcoin retreated from around 88012 to 87015, then oscillated and consolidated in this area, with the target ratio returning to around 87700. Ethereum retreated from around 2962 to 2910, then rebounded again to around 2956 for consolidation.
From a four-hour perspective, the price is gradually moving up along a downward channel and is currently close to the middle of the channel. The three lines of the Bollinger Bands are overall pointing downwards, indicating that the long-term trend remains bearish; however, the price approaching the middle line itself has released a bullish accumulation signal. At the same time, the MACD dual lines are still below the zero axis, but the bearish momentum has not continued to strengthen, showing that downward momentum is gradually weakening. There are clear signs of a stronger reversal on the hourly level: both KDJ and RSI are in the high region, and the MACD fast line has already crossed above the zero axis, entering a strong interval. These short-term indicators consistently suggest that current upward momentum is quite sufficient, and the price is expected to continue its upward trajectory in the short term, potentially further testing the middle or even upper track of the channel. The current trend can be seen as a strong technical repair within a bearish trend, and it is advisable to pay close attention to the price's performance near the middle of the channel. If short-term indicators remain strong, the price is expected to continue testing upward.
Operational suggestions:
Bitcoin: around 87000, target looking at 90000
Ethereum: around 2900, target looking at 3200
