Ups and downs are the norm in the crypto world, and composure is the foundation of confidence. Don’t get caught up in the noise of short-term fluctuations—focus on deepening your understanding and holding quality assets, using a long-term mindset to weather bull and bear cycles. Guard your principal, endure the loneliness of waiting—every bit of patience and perseverance will eventually pay off over time. After the storm, your own opportunities and brightness will emerge. A new week has begun, and market momentum is underway. The market has rebounded from the bottom again; after a clear downward move in the evening, there was a sharp rally. In the evening, Bitcoin dipped to the 87,688 level and 2,903 level, then rebounded, and is now breaking above the 91,000 level, with Ethereum above 3,100. This week, the overall market is moving in a range and seesaws between bulls and bears. Market sentiment is highly confused.

Looking at the four-hour Bitcoin candlestick structure, after the price drop, there was a wick, but this is not a bullish reversal signal; rather, it further confirms the current weakness. The wick indicates some buying support below, but this support is more passive bottom-fishing than proactive buying—the price hasn’t recovered effectively, and the candlestick body remains weak, showing that bulls are barely holding the line and don’t yet have the strength to reverse the trend. More importantly, the wick appears within the descending channel, with moving averages acting as resistance overhead, the Bollinger Band midline moving down, and price highs continue to decrease. In a clearly weak trend, such wicks often mean that bears are releasing some pressure ahead of time and testing liquidity below, paving the way for further declines, rather than signaling a true bottom or reversal.

Follow Gong Zhonghao: Changsheng looks at the trend

Trading suggestions:
Bitcoin: Short around 90,000, target 87,000

Ethereum: Short around 3,100, target 2,800

$BTC $ETH