In the ebb and flow of the cryptocurrency market, there is no need to panic over temporary fluctuations. The ups and downs of candlestick patterns are the norm of the market, just as the cycles of bulls and bears are gifts of time—bull markets teach you to follow the trend, while bear markets hone your ability to stay calm and stable. The true winners are not the gamblers who chase highs and sell lows, but the long-termists who preserve their capital and endure loneliness; they understand that stopping losses is the ticket to rebirth, and patience is the oar that helps them navigate through cycles. Yesterday, Bitcoin showed a volatile upward trend, stabilizing after a low of 90954 in the morning and gradually rising. Bullish momentum pushed the price up to an intraday peak of 93932 in the afternoon, before briefly retreating under pressure; in the evening, after the price dipped to the support level of 91637, it gained buying support and quickly rebounded. Ethereum followed suit, starting its ascent from a low of 2983 in the morning, reaching a high of 3084 before entering a narrow consolidation phase. In the evening, after stabilizing at 3030, it surged again, peaking at 3198, continuing its upward trend.
From a daily perspective, after four consecutive days of retracement, the market welcomed two consecutive bullish candles, initially forming a bottom reversal pattern. Technical indicators show that the lower Bollinger Band has turned upward, confirming effective short-term bottom support; the KDJ indicator has continued to diverge upward after a golden cross at a low level, indicating that bullish momentum is gradually strengthening. Currently, the short-term momentum and price trend are forming a positive resonance, making the trend for further upward movement quite clear. On the hourly chart, although the MACD has shown a slight increase in bearish volume, the gradual narrowing of the Bollinger Bands effectively suppresses the downward space. Combined with the previously formed single-pin bottom reversal structure, the market has accumulated sufficient upward momentum, laying a solid foundation for subsequent breakthroughs. Overall, it is recommended to maintain a low-buy strategy during corrections.
Trading suggestions:
Large coin: around 93500, target at 96000
Second coin: around 3150, target at 3400
