1.2 Friday's Latest Bitcoin and Altcoin Strategies

Fixing the repetitive cycle of market sentiment, the oscillation pattern remains tightly locked. Over the past two weeks, both bulls and bears have been trading back and forth, constantly pulling and tugging. We have also been continuously taking profits at high points and accumulating at lows, and yesterday our strategy scored another victory!

Yesterday saw a slight rally, but it still failed to form an effective continuation. The 89,000 level for Bitcoin and the 3,000 mark for Ethereum are both strong resistance zones. The current rebound momentum is still insufficient to break through these levels.

From the detailed market view, the sentiment is under pressure and declining, with the rebound strength already waning. On the four-hour chart, although a bottoming reversal with consecutive bullish candles has formed, the upward push is limited. Selling pressure above continues to increase, and the upper shadows of the candlesticks are lengthening, indicating a clear sign of a pullback after a rally. Looking at the one-hour chart, multiple attempts to test the upper Bollinger Band resistance have all ended prematurely, with the strength falling short of expectations.

Bitcoin 89,000-90,000 range → around 87,000
Altcoins 3,000-3,050 range → around 2,900

Personal opinion, for reference only, not investment advice!