The road in the cryptocurrency world is full of ups and downs, but as long as you keep learning, improve your understanding, and manage your emotions well, you will definitely achieve success in this field that belongs to you. Don't be afraid of failure; each setback is a stepping stone for growth. Move forward boldly; your persistence will ultimately be rewarded. Yesterday, Bitcoin experienced a decline of 3,000 points before stopping and rebounding, with the price gradually dropping from around 118,000, reaching a low of 114,600 before rebounding for correction, currently returning to around 116,800, aligning with the overall trend recently. It is evident that signs of bullish exhaustion are apparent; a small spike during lunchtime resulted in over a hundred points, enough to prove an effective support. Let the lower level of 4,200 become a watershed moment.
From the four-hour price perspective, the current market is in a pullback below the midline but has not shown a significant downward trend; on the contrary, there are signs of stabilization, and the Bollinger Bands are narrowing, indicating that volatility will accumulate here to establish a trend rhythm. Currently, there are frequent transitions between small bearish and bullish candles, indicating a certain rebound trend. From the hourly level, the midline has been broken, and a rebound is inevitable.
Operational suggestions:
Bitcoin: Buy near 116,000, target 119,000
Altcoin: Buy near 4,300, target 4,400
