The crypto market is full of ups and downs; price fluctuations are the norm. Maintaining a steady mindset is the key to long-term success. Don’t let short-term volatility disturb your peace of mind, and don’t let market sentiment dictate your decisions. Stop-losses show respect for the market; patience and understanding are your foundations. Stick to your own rhythm, weather the storms, and you’ll eventually see your own opportunities and light. Looking back at the early morning hours, there wasn’t much volatility; the trading market was quiet and subdued, entering a "rest and recovery" phase after a sharp drop. It wasn’t until later in the night that there was some movement. BTC dropped from 89553 to its low, then slowly climbed up to 91338, before pulling back slightly and stabilizing around 90200. ETH followed BTC’s lead, dipping to a low of 3066, then surging over 100 points to 3152 in one go, but failed to hold and hovered around 3110.

Currently, the 1-hour chart shows a fluctuating downward trend. The Bollinger Bands are opening downward, and the price is operating near the lower band, with short-term bears dominating. There is solid support at the 89000 level, limiting further downside, so the market is consolidating in a narrow range. The candlestick pattern shows three consecutive long bearish candles with increasing volume, indicating that bearish momentum is still being released. Recent highs are gradually moving lower, but the lows have yet to break effectively. The descending channel structure is clear, and in the short term, the market is likely to continue its weak pattern, remaining in a bear-driven, oscillating downtrend. The effectiveness of the lower band support is a key focus now. It’s recommended to stay on the sidelines for now, wait for the price to pull back and build strength, and only enter long positions when the trend becomes clear. Avoid blindly chasing the market up or down.

Follow Gongzhonghao: Changsheng Kan Qushi

Trading suggestions:
BTC: Long around 89500, target 92000

ETH: Long around 3050, target 3400

$BTC $ETH