The crypto market is unpredictable, with ups and downs being the norm—maintaining a steady mindset is the key to longevity. Your principal is the confidence to stay at the table, stop-losses are the wisdom to regroup and rise again, and patience is the key to weathering bull and bear cycles. There’s no need to worry about short-term fluctuations; be less impulsive in chasing gains and more committed to long-term value. If you can endure through the lows and storms, you’ll eventually see the trend turn positive. Every bit of perseverance and accumulation is laying the groundwork for future rewards and glory.

Yesterday’s round of intraday northbound movement went from 89,000 all the way to 92,000. Although the range wasn’t huge, it was a small turnaround—a clear bull trap and pull-up move. Anyone who’s been in crypto for years can see it. Now the price is consolidating around the 90,000 level, and whether it moves south or north from here carries risk. It’s recommended to wait for the trend to become clear before making decisions. Before this article was published, the daily K-line reached a high of 92,260 and a low of 89,550. Trend indicators continue to contract, and the fast and slow lines are converging, which means the market will also contract, with this phase expected to last at least a week.

Currently, the rebound trend continues, and bullish strength is growing. On the four-hour chart, after briefly dropping below the middle band of the Bollinger Bands, the price quickly rebounded, forming a clear upward pattern. This suggests the middle band support remains effective and bears haven’t been able to sustain a breakout—market sentiment is gradually shifting bullish. On the hourly chart, the market is running along the lower Bollinger Band, with significant bottom support. Candles have long lower wicks, showing strong resistance to downward moves and insufficient bearish momentum. Overall, the current trend remains in rebound mode. It’s recommended to go with the trend and look for long opportunities to capture the upside.

Follow WeChat Official Account: Changsheng Looks at Trends

Trading suggestions:
BTC: Long near 90,500, target 93,000
ETH: Long near 3,080, target 3,400
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