In the waves of ups and downs in the crypto world, no one can avoid fluctuations, but some can stay true to their original intention. Every movement of the candlestick chart is both a test of the market and a cultivation of character——during sharp rises, don't be intoxicated by unrealized gains on the books; they are merely illusions. During sharp declines, don't panic about shrinking holdings; opportunities often hide behind panic. The morning market shows obvious volatility, with Bitcoin and altcoins initially under pressure and falling, then rebounding from the bottom. When they reach around 89,000 and 3,150 respectively, resistance appears, and they struggle to rise further. Currently, the battle between bulls and bears is becoming more intense, with prices oscillating within a narrow range. The low-buy strategy we provided in the early session has already allowed everyone to profit.
In the current four-hour trend, the market has consecutively formed three bullish candles, showing a steady oscillating upward rhythm. Prices are gradually testing the middle band of the Bollinger Bands. The Bollinger Bands are narrowing overall, indicating that the market is still in a preparatory consolidation phase and has not yet effectively broken out of the current range. However, support below remains solid, and recent lows are gradually rising, showing that the market's center of gravity is gently shifting upward. Although the middle band of the Bollinger Bands is slowly moving downward, the price structure increasingly demonstrates the resilience of the bulls. Further observing the one-hour trend, after experiencing a phase of deep correction, the market is gradually warming up. Currently, prices have risen back to near the upper band of the Bollinger Bands, with rebound highs continually moving higher, forming a pattern of small consecutive bullish candles in a sideways upward trend. This structure of gradually raising lows and orderly upward momentum reflects that buying power is gradually accumulating and bullish sentiment is continuing to warm.
Follow Gong Zhonghao: Always Winning Looks at the Trend
Trading suggestions:
Bitcoin: Around 89,000, cautiously, target 91,000
Altcoin: Around 3,100, cautiously, target 3,300
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