Remember, the principal is your confidence, patience is your weapon, and cognition is your lighthouse. There's no need to envy others' short-term gains, nor to worry about temporary unrealized losses; time always favors value. As long as you don't exit easily and keep learning, every rise and fall is growth, and every steadfastness brings you closer to your goal. Over the weekend, the market experienced intense battles between bulls and bears, maintaining a small-range oscillation; today, Bitcoin continued to decline, touching a low of 87,504, then bulls gained strength and rebounded, with the midday surge accelerating, reaching a high of 89,972; Ethereum followed suit, initially suppressed then rising, after hitting a bottom at 3,052, it rebounded strongly, but faced resistance at around 3,150 and pulled back, with short-term rebound momentum evident.
From the four-hour technical structure, the current trend shows typical bullish consolidation characteristics. After a rally, the price continued to oscillate along the lower edge of the Bollinger Bands middle band, completing short-term technical correction with consecutive small bearish candles, without any substantial deep retracement. This pattern indicates both a short-term technical pullback demand and further confirms that the trend has shifted to bullish. Under the ongoing bullish offensive, the selling pressure has significantly weakened, and the overall market dominated by bulls is becoming more stable. Caution is advised as some traders still cling to their previous bearish mindset, blindly insisting on a "must be short" approach despite the clear bullish trend. Such trading logic, contrary to the main market trend, not only risks missing trend-based profits but also may lead to unnecessary risks. For future operations, it is recommended to focus on bullish logic, and consider short-term pullbacks as opportunities to position long.
Follow Gong Zhonghao: Always Win, Observe the Trend
Trading suggestions: Bitcoin: around 89,000, target 91,000
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Remember, the principal is your confidence, patience is your weapon, and cognition is your lighthouse. There's no need to envy others' short-term gains, nor to worry about temporary unrealized losses; time always favors value. As long as you don't exit easily and keep learning, every rise and fall is growth, and every steadfastness brings you closer to your goal. Over the weekend, the market experienced intense battles between bulls and bears, maintaining a small-range oscillation; today, Bitcoin continued to decline, touching a low of 87,504, then bulls gained strength and rebounded, with the midday surge accelerating, reaching a high of 89,972; Ethereum followed suit, initially suppressed then rising, after hitting a bottom at 3,052, it rebounded strongly, but faced resistance at around 3,150 and pulled back, with short-term rebound momentum evident.
From the four-hour technical structure, the current trend shows typical bullish consolidation characteristics. After a rally, the price continued to oscillate along the lower edge of the Bollinger Bands middle band, completing short-term technical correction with consecutive small bearish candles, without any substantial deep retracement. This pattern indicates both a short-term technical pullback demand and further confirms that the trend has shifted to bullish. Under the ongoing bullish offensive, the selling pressure has significantly weakened, and the overall market dominated by bulls is becoming more stable. Caution is advised as some traders still cling to their previous bearish mindset, blindly insisting on a "must be short" approach despite the clear bullish trend. Such trading logic, contrary to the main market trend, not only risks missing trend-based profits but also may lead to unnecessary risks. For future operations, it is recommended to focus on bullish logic, and consider short-term pullbacks as opportunities to position long.
Follow Gong Zhonghao: Always Win, Observe the Trend
Trading suggestions:
Bitcoin: around 89,000, target 91,000
Ethereum: around 3,080, target 3,300