In the cyclical rise and fall of the cryptocurrency world, there is no need to chase the waves of the K-line; the true winners are those who hold their anchor points and move forward. The flickering red and green of the K-line is the market's breath, not the switch for your emotions. When in profit, do not be greedy; when in loss, do not be anxious. Those who can maintain their mindset are the ones who can grasp long-term opportunities. Looking back to the early morning, Bitcoin retraced from around 90599 last night to a low point of 87872, while Ethereum synchronized with Bitcoin's rhythm, retracing from a high point of 3077 to the vicinity of 2961, providing some short-term rebound trends.
Currently, the 4-hour cycle chart shows a repeated oscillating '画门' trend. The price has faced pressure and retreated multiple times after short-term rises, but the support level below remains solid and has not effectively broken down. The price is currently operating above the middle band of the Bollinger Bands, showing signs of a continued upward technical formation, while the lows are gradually rising, forming a bullish structure. Overall, the 4-hour level is still in a bullish consolidation pattern, and the market is waiting for further breakthrough opportunities. From the rhythm of the chart, the market is still in a tug-of-war state, with both bulls and bears lacking sustained momentum, and the price is engaged in repeated competition around the middle band of the Bollinger Bands. As the price gradually rebounds from the vicinity of the middle band, there is hope for a short-term upward test of the upper band resistance. Combining the continuously rising lows of the bullish structure, it can be determined that the current oscillation essentially belongs to the bullish accumulation phase, and the subsequent trend is more likely to rely on the support below to launch a rebound.
Operational suggestions:
Bitcoin: around 88000, target at 91000
Ethereum: around 2950, target at 3300
