Every drop is a tempering of the mindset, and every sideways move is a test of understanding. This circle never lacks myths of overnight wealth, but what is more worthy of respect is the perseverance to withstand the storms and move forward steadily. After being pressured at high points again, the market clearly indicates a pattern: first, it declined to around 86800 before steadily rebounding to around 87900, followed by another drop.
From the four-hour technical perspective, after a continuous six consecutive bearish candles, the price has accurately tested the middle track support of the Bollinger Bands and stabilized. The current trend has shifted from a one-sided decline to a fluctuating upward structure, showing characteristics of alternating bearish and bullish movements, with gradually rising lows. Each pullback has not effectively broken through the key support levels, and the rebound strength is gradually increasing, indicating a sustained willingness of bullish funds to support. On the hourly level, the market presents a typical strong consolidation pattern. After a continuous attack breaking through key resistance in the previous period, the market did not undergo a deep correction but instead digested previous gains through high-level fluctuations. As the pullback gradually narrows, market momentum continues to accumulate, laying the foundation for the next breakthrough. Currently, the short-term bullish trend has strong continuity, and future attention should focus on the volume cooperation situation and whether an effective breakthrough can be formed.
Operation suggestion:
Bitcoin: Around 86000, target looking at 89000
Altcoin: Around 2850, target looking at 3100
