The fluctuations of the candlestick chart are like tides coming and going—panic selling during downturns, chasing highs during rallies—are merely tests of market greed and fear. True winners are never swayed by short-term volatility; they understand the discipline of "not selling if not reaching a new high, not buying if not dropping sharply," adhere to the bottom line of "diversified investment and protecting principal," and believe in the long-term approach that "time is the best friend." Reviewing the midnight session, the price showed a continuous upward trend, with volatility remaining high. Bitcoin surged from a low of 89,288 to a high of 93,547 after facing resistance, then experienced a slight pullback. Ethereum followed Bitcoin's pattern, rebounding from around 3,153 during midnight, and stopped falling around 3,272 before entering consolidation!

Currently, the market is in a recovery phase after a pressure-induced decline. Although the upward channel is temporarily blocked, bullish momentum is gradually accumulating. From a four-hour perspective, the previous strong push supported by double bullish signals caused the price to break through the lower Bollinger Band to the middle band area. After briefly touching the upper band resistance, it retreated for consolidation. The correction seems to be ending; the candlestick tested the middle band and quickly rebounded. The long lower shadow indicates strong support below, laying the foundation for a subsequent rebound. On the hourly chart, the Bollinger Bands are expanding upwards together, with candlesticks driving the price to oscillate upward, confirming a clear bullish trend with a steady pace of rise.

Follow Gong Zhonghao: Always Win, Watch the Trend

Trading advice:
Bitcoin: Around 91,500, consider buying, target 95,000

Ethereum: Around 3,180, consider buying, target 3,500

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