The market never lacks opportunities; what’s missing is the composure to seize them when they arrive. May you anchor yourself in rationality, spread your wings with patience, and in the vast sea of the crypto world, harvest your own long-term compound interest. Volatile markets test your mindset the most, but the more oscillating and tug-of-war moments there are, the more you need to stay steady and keep your cool to steer the ship well! Don’t be swayed by the small tricks of the main players trying to shake the market; remember your established strategy and target points, and execute with conviction without blindly following. Only by enduring the consolidation phase can you securely catch the subsequent big trend. Every patient wait is a preparation for the trend’s explosion! After yesterday’s deep plunge, Bitcoin did not continue to fall nor rebound significantly, but instead oscillated around the 90,000 level, showing a typical time-for-space trading pattern.

The current range-bound pattern remains unchanged, and trading should continue to focus on the core logic of oscillation within the range. Until a significant breakthrough occurs at the key resistance above, both shorting at high levels and longing at low levels remain clearly actionable. From the 1-hour chart, after the price rapidly dropped to the core support zone last night, buying interest at the lows surged, effectively absorbing selling pressure and halting the decline. The market then shifted into consolidation. Currently, the chart shows alternating small candlesticks and gradually narrowing volatility, with trading volume decreasing, indicating that the bulls and bears are temporarily balanced, and the market is entering a phase of adjustment. It’s important to recognize that consolidation is often a necessary stage before a trend begins. The core support remains solid, and volume is gradually accumulating, laying the foundation for a potential upward move. In trading, patience and discipline are essential—focus on the core logic of the range, avoid being disturbed by short-term fluctuations, and you can better grasp the initiative in market battles, patiently waiting for the final trend breakout signals.

Follow Gong Zhonghao: Always Win Looks at Trends

Trading suggestions:
Bitcoin: Around 89,500, wait and see; target 92,000

Altcoin: Around 3,050, wait and see; target 3,300