Some say the cryptocurrency market is a casino, but true players know that this is a battlefield for monetizing cognition. Satoshi Nakamoto's phrase "Don't trust anyone, verify everything" is the first mandatory lesson for entering the crypto world. In this smoke-free battlefield, technical analysis is certainly important, but even more critical is the insight into market trends and the grasp of human weaknesses. When most people are swayed by greed and fear, those who can remain calm and think independently can seize the real opportunities. Market Review: After experiencing several days of weak fluctuations, a rebound finally arrived, with Bitcoin strongly rising from an intraday low of 117138, peaking at 118517 before encountering resistance and retreating. The current price has once again entered a correction phase. Ethereum also showed a similar trend, successfully recovering lost ground during the rebound, peaking at 4574 before similarly facing resistance, and is currently in a high-level consolidation state. Overall, while short-term rebound momentum is displayed, the pressure above is evident, and the market still needs more buying support to sustain the upward trend. Bitcoin's layout today gained over 1014 points! Ethereum's simultaneous layout gained over 91 points! The Bitcoin market has recently continued to show a stalemate, with the overall trend still failing to break through the key resistance and support levels that constitute the fluctuation range. The weekend formed a clear box consolidation pattern. This sideways trend has lasted nearly three days, during which there were occasional attempts to break through, but ultimately fell back into the range due to insufficient volume, with selling pressure still present above. The technical analysis for Bitcoin on a 1-hour timeframe shows that when the price rebounded to the upper Bollinger Band around 118500, it was met with pressure, and the large bearish candle also fell close to the middle Bollinger Band, marking the exhaustion of rebound momentum. The upper Bollinger Band is gradually flattening, locking in upward space, while the middle band is barely supportive. The suburban volume shows characteristics of "rebound on decreasing volume, decline on increasing volume," resonating with the trend of the Bollinger Bands, potentially forming a trend of "upper band hits a wall → middle band loses support → lower band tests" in the later period. Keep a stop-loss!
Operation Recommendations:
Bitcoin: Short near 118300, target 116500
Ethereum: Short near 4560, target 4450
