$BTC In the fluctuations of the cryptocurrency market, there is no need to cling to temporary gains and losses. One should keep their original intention amidst the volatility, learn to remain calm in the ups and downs, and make every decision based on reason rather than emotion. Through the agony of being trapped, one learns to let go and, in the clarity of taking profits, resists greed. In the afternoon, the Bitcoin market showed a significant correction trend, with the price under pressure after reaching a high of 122307, and then entering a correction phase. In the evening, the market fell to a low of 119398 before rebounding to around 120785 to consolidate. Ethereum's afternoon trend synchronized with Bitcoin's movement, with the price dropping from a high of 4349 during midday to a low of 4166, then stopping to rebound, again breaking through new highs to reach a peak of 4365.
Currently, the market signals are clear; after three consecutive bearish candles on the four-hour chart, there are significant signals of stopping the decline. The pace of price decrease is slowing, and the buying strength below is increasing, showing signs of market recovery. Short-seller momentum has significantly decreased, the MACD green bars are shortening near the zero axis, the KDJ is showing a bullish crossover at a low position, and the RSI has risen from the oversold area to around 50. Multiple indicators are releasing positive reversal signals, indicating that the correction strength after a short-term rise is limited and not a trend reversal but a normal technical correction during the upward process, with bulls still in control overall. The one-hour chart shows three consecutive bullish candles, with prices gradually recovering lost ground. Each minor pullback is accompanied by a moderate increase in trading volume, indicating strong willingness from bulls at low levels. Although there is some selling pressure when approaching the middle Bollinger Band (as some short-term funds take profits causing the rebound pace to slow), the middle band has not formed substantial resistance, and the overall Bollinger Band remains open upwards, with solid support at the lower band. The short-term bullish trend has not changed, and a subsequent breakthrough and stable standing above the middle band may further open up upward space; conversely, there may be a brief consolidation in the range. At midnight, we will continue to follow the low bullish approach.
Bitcoin suggestion: Buy around 119500-119000 with targets of 122000-121000.
Ethereum suggestion: Buy around 4270-4250 with a target of 4380.
