The greater the market noise, the more one must listen to the logic of one's own heart. Hold on to the assets you have deeply researched; the excitement belongs to others, while the future is yours. Looking back at the price movement this morning, Bitcoin dipped to the support level of 89288 and gradually rebounded, reaching a high of around 93500, before slightly retracing and closing around 92300. Ethereum also followed Bitcoin's rhythm, rebounding from around 3271 and stabilizing around the support level of 3233, showing a correlated fluctuation pattern.
From a 4-hour perspective, the price has successfully broken through the middle Bollinger Band and is testing the upper Bollinger Band pressure. Although the candlestick has a long upper shadow, indicating some selling pressure above in the short term, looking at the overall market, the Bollinger Band and KDJ indicators have turned upwards simultaneously, suggesting that bullish momentum is gradually strengthening. Currently, patience is necessary, waiting for further bullish force. Looking at the 1-hour level, the price has entered a relatively strong unilateral upward trend, and the overall structure remains solid. Although there has been a slight retracement during the session, considering the entire market, the current pullback can be viewed as a consolidation phase for the bulls, aiming to accumulate energy and lay the foundation for a new round of upward movement in the future.
Trading suggestions:
Bitcoin: Buy around 92200-91800
Target: Around 93500
Ethereum: Buy around 3220-3200
