The rise and fall of the crypto world are never the end of life, but a practice of patience and courage. The fluctuations of the K-line resemble the ups and downs of life; during rapid surges, do not be greedy beyond measure, and during sharp declines, do not panic or lose your way—true winners are not judged by speed alone, but by their resilience through bull and bear markets. Looking back today, Bitcoin retraced from around 87,980 to approximately 86,158, while Ethereum followed Bitcoin, retracing from 2,973 to around 2,910.
During the price correction phase, the lower band of the Bollinger Bands continues to provide effective support, forming a clear "support‑rebound" structure, and the short-term bottom has been preliminarily confirmed. Although the Bollinger Bands are still in a downward trend overall, since the price rebounded from the lows, it has gradually moved away from the weak zone near the lower band and steadily approached the middle band, indicating that buying momentum is strengthening and the price center of gravity is gradually shifting upward. From the hourly chart perspective, although the market shows a oscillating pattern between bulls and bears, the Bollinger Bands have shifted from narrowing to opening, which often signifies that bullish energy is accumulating, and the short-term trend is leaning positive. Combining signals from multiple timeframes, after a brief consolidation, the current price is expected to continue the previous upward trend.
Follow Gong Zhonghao: Always Win, Watch the Trend
Trading Suggestions: Bitcoin: Around 86,000, go long, target 90,000
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The rise and fall of the crypto world are never the end of life, but a practice of patience and courage. The fluctuations of the K-line resemble the ups and downs of life; during rapid surges, do not be greedy beyond measure, and during sharp declines, do not panic or lose your way—true winners are not judged by speed alone, but by their resilience through bull and bear markets. Looking back today, Bitcoin retraced from around 87,980 to approximately 86,158, while Ethereum followed Bitcoin, retracing from 2,973 to around 2,910.
During the price correction phase, the lower band of the Bollinger Bands continues to provide effective support, forming a clear "support‑rebound" structure, and the short-term bottom has been preliminarily confirmed. Although the Bollinger Bands are still in a downward trend overall, since the price rebounded from the lows, it has gradually moved away from the weak zone near the lower band and steadily approached the middle band, indicating that buying momentum is strengthening and the price center of gravity is gradually shifting upward. From the hourly chart perspective, although the market shows a oscillating pattern between bulls and bears, the Bollinger Bands have shifted from narrowing to opening, which often signifies that bullish energy is accumulating, and the short-term trend is leaning positive. Combining signals from multiple timeframes, after a brief consolidation, the current price is expected to continue the previous upward trend.
Follow Gong Zhonghao: Always Win, Watch the Trend
Trading Suggestions:
Bitcoin: Around 86,000, go long, target 90,000
Ethereum: Around 2,880, go long, target 3,200
$BTC $ETH