The cryptocurrency market is not a greenhouse; there is no eternal sunshine here, nor any unchanging rain. But one thing is certain: only by constantly challenging oneself can one stand firm in the torrent of the market. On Thursday morning, Bitcoin showed a trend of fluctuating downward, with the price dipping to a low of 92204 at noon, while Ethereum also dropped from a morning high of 1806 to a low of 1758, subsequently fluctuating within this range.
From the current chart perspective, the four-hour level shows that the market is currently operating above the middle line of the Bollinger Bands. Although there has been a slight pullback, the pullback is not strong, and the Bollinger Bands continue to open upward. The MACD indicator lines are operating above the zero axis, so the overall trend still leans towards the bulls. From the hourly level, the market has moved down to the lower band of the Bollinger Bands, but there is clear support below in the short term, and bearish momentum cannot sustain a continuous price breakdown. Therefore, in the afternoon, we will adopt a strategy of going long after the pullback.
Bitcoin can be bought near 91500-92000, with a target of 94000.
Ethereum can be bought near 1750, with a target of 1830.