In the end, trading is not about speed but patience; it's not about technique but mindset. Those who have traversed the bull and bear markets have endured periods of neglect and low points, as well as maintained their boundaries when feeling overly confident. Remember, wealth in the crypto world is never built on a single gamble, but on countless rational persistence and self-control. The market showed a mixed trend on Monday, with an initial decline followed by a rebound, but Bitcoin's upward momentum remained limited. It failed to break through the critical $90,000 level again, reaching a high of 89,972 before facing resistance and falling back. Currently, it is trading around 89,500 in a consolidation phase. Ethereum experienced a relatively modest intraday correction, briefly hitting a short-term high of 3,150, then falling back from the high, with a low near 3,102.
From the current four-hour chart, the market has consecutively closed three bullish candles, showing a steady upward trend, gradually testing the middle band of the Bollinger Bands. The Bollinger Bands are narrowing overall, and the price has yet to break through the current consolidation zone. Although the middle band continues to slowly decline, support levels below remain solid. Coupled with the recent low points gradually moving higher, the short-term market remains relatively bullish. On the one-hour chart, after a phase of deep correction, the market has gradually recovered. The price has now risen near the upper Bollinger Band, with the rebound peaks continuing to climb, indicating a small, continuous upward trend with a series of small bullish candles. Overall, the market is currently in a phase of consolidation, accumulating energy for a potential breakout. Evening trading can follow the afternoon strategy, mainly placing long positions above key support levels, to seize the current short-term bullish trading opportunities.
Follow Gong Zhonghao: Always Win, Observe the Trend
Trading suggestions: Bitcoin: Around 89,000, consider buying, target 91,000
Ethereum: Around 3,100, consider buying, target 3,300
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In the end, trading is not about speed but patience; it's not about technique but mindset. Those who have traversed the bull and bear markets have endured periods of neglect and low points, as well as maintained their boundaries when feeling overly confident. Remember, wealth in the crypto world is never built on a single gamble, but on countless rational persistence and self-control. The market showed a mixed trend on Monday, with an initial decline followed by a rebound, but Bitcoin's upward momentum remained limited. It failed to break through the critical $90,000 level again, reaching a high of 89,972 before facing resistance and falling back. Currently, it is trading around 89,500 in a consolidation phase. Ethereum experienced a relatively modest intraday correction, briefly hitting a short-term high of 3,150, then falling back from the high, with a low near 3,102.
From the current four-hour chart, the market has consecutively closed three bullish candles, showing a steady upward trend, gradually testing the middle band of the Bollinger Bands. The Bollinger Bands are narrowing overall, and the price has yet to break through the current consolidation zone. Although the middle band continues to slowly decline, support levels below remain solid. Coupled with the recent low points gradually moving higher, the short-term market remains relatively bullish. On the one-hour chart, after a phase of deep correction, the market has gradually recovered. The price has now risen near the upper Bollinger Band, with the rebound peaks continuing to climb, indicating a small, continuous upward trend with a series of small bullish candles. Overall, the market is currently in a phase of consolidation, accumulating energy for a potential breakout. Evening trading can follow the afternoon strategy, mainly placing long positions above key support levels, to seize the current short-term bullish trading opportunities.
Follow Gong Zhonghao: Always Win, Observe the Trend
Trading suggestions:
Bitcoin: Around 89,000, consider buying, target 91,000
Ethereum: Around 3,100, consider buying, target 3,300