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Some are trapped in the emotions of chasing gains and selling at losses, repeatedly harvesting profits. Some stick to rationality and patience to navigate the cycles of bull and bear markets. Early morning, Bitcoin rebounded from the low of 91209 to near the high of 93806 but failed to stabilize and retreated again. Ethereum also rebounded from 3180 to 3299 but then pulled back downward.
Currently, the market faces a brief resistance during the rebound, but the subsequent continuation is gradually warming up.
From the four-hour perspective, the price slightly retraced below the middle band of the Bollinger Bands and then quickly rebounded, breaking through the middle band again, indicating strong support at the middle band and that the rebound trend remains the dominant market direction.
On the hourly chart, the candlesticks strongly recovered from the lower Bollinger Band, with significant support rebound effects. Meanwhile, the MACD indicator's fast and slow lines are about to form a golden cross again, indicating that the previous downward momentum has significantly weakened, and the rebound is likely to restart.
In terms of future operations, wait for the current slight correction to complete before looking for opportunities to go long.
Trading suggestions:
Bitcoin: around 93,000, target 96,000
Ethereum: around 3,230, target 3,500