The market is never short of opportunities; what is lacking is the determination to survive until the next cycle. May you solidify your understanding amidst the fluctuations of the K-line, and adhere to discipline during the alternation of bulls and bears, ultimately allowing time to crown value and patience to bring steady gains. Looking back at the morning's Bitcoin and Ethereum market trends, the Bitcoin price surged to a high near 94100 before facing pressure and falling back, declining to a low around 92600 where it found support and stabilized, followed by a slight recovery. Ethereum's movement was synchronous, peaking at around 3239 before fluctuating downwards, currently maintaining a high range consolidation, showing a contracting oscillation state.
From the current market perspective, the four-hour level has already shown strong upward breakout momentum. After a series of continuous fluctuations and consolidations, a double bottom support structure has initially formed below, and the lows are consistently rising. The multiple bottoming processes have effectively solidified the price foundation, and the trend is once again displaying strong rebound momentum. Currently, the price ratio is continuously rising and attempting to recover the middle track of the Bollinger Bands, with recent volatility significantly increasing. After experiencing a substantial correction in the earlier period, bullish forces are gradually accumulating, and there is also a certain technical need for a pullback in the market. For evening operations, it is still recommended to focus on buying on dips at lower positions, and strict stop-loss settings are necessary after entering the market.
Trading suggestions:
Bitcoin: around 92500, target looking at 96000
Ethereum: around 3100, target position looking at 3400
