The fluctuations in the cryptocurrency market are never the end of life, but a practice of patience and courage. The ups and downs of the candlestick chart resemble the waves of life; during a surge, do not be greedy, and during a drop, do not panic and lose your way—true winners do not compete on speed but on their ability to endure through bull and bear markets. Looking back at today, Bitcoin retraced from around 87980 to around 86158, while Ethereum retraced from 2973 to around 2910.
During the price correction phase, the lower band of the Bollinger Bands continues to provide effective support, forming a clear 'support-rebound' structure, and the short-term bottom has been preliminarily confirmed. Although the Bollinger Bands are still in a downward trend overall, since the price rebounded from the low point, it has gradually escaped the weak range near the lower band and is steadily approaching the middle band, indicating that buying momentum is strengthening and the price center is gradually rising. From the hourly chart, although the market shows a fluctuating pattern between bulls and bears, the Bollinger Bands have shifted from narrowing to opening, often indicating that bullish energy is accumulating, and the short-term trend is leaning positive. Considering multiple cycle signals, the current price is expected to continue the upward trend formed previously after a brief consolidation.
Operation Suggestion:
Bitcoin: around 86000, target at 90000
Ethereum: around 2880, target at 3200
