Three Major Illusions in the Crypto World: I can buy at the lowest point, I can sell at the highest point, this time is different. The market specializes in treating all forms of disbelief, respecting the market is respecting your own wallet. Early this morning, the market experienced a clear rebound after testing the bottom. The price of Bitcoin first dipped and found support around 84011, then stopped falling and started to rebound. So far, it has reached a peak of 86817. The movement of Ethereum is highly correlated with Bitcoin, showing almost identical rhythms. The price stabilized after dipping to 2718 in the early morning, and then followed Bitcoin's lead, rebounding to a maximum of 2812.
From the four-hour level, although the price showed two consecutive bullish candles attempting to test resistance upwards, the upper and middle bands of the Bollinger Bands have clearly turned downward. Although the overall channel appears to be opening, it indicates that space is continuously being released. This proves that the current rebound is merely a technical correction within the downward trend, and bearish momentum still dominates the market. The overall weak pattern has not been reversed. Looking at the hourly level, the current continuous bullish candle rebound has limited amplitude, and upward momentum is obviously insufficient. This further confirms that the current rebound can be seen as a phase of accumulation during a secondary downward test, not a signal for a trend reversal and bullish counterattack. Therefore, the morning trading strategy remains unchanged.
Trading Suggestions:
Bitcoin: Short near 86800-87200
Target: Near 85000
Ethereum: Short near 2830-2850
