#BTC 9.25 Afternoon Bitcoin Ethereum market analysis and trading suggestions

The market is never short of opportunities, only short of the eyes to discover them. A pullback is not the end, but rather a better starting point. Stay calm, as opportunities often arise in overlooked places. From the current structure, the market shows signs of stabilization after a deep retracement, with downward momentum largely curbed. The hourly chart clearly forms a "v" shaped bottom, which is often seen as a signal for bottom formation, laying the foundation for subsequent rebounds. On the technical side, the Bollinger Bands are in a contracted state, with no significant increase in volume, indicating that short-term momentum is stable, lacking the thrust to break the range. We need to be cautious of some traders who still cling to bearish thinking, operating against the trend as it shifts bullish, which can easily lead to missed opportunities and unnecessary risks.

From the current market perspective, Bitcoin has formed a three consecutive bearish candle pattern on the daily chart. The daily level has broken the middle track, resulting in a secondary acceleration of the bearish trend. Overall, the trend is clearly bearish, and the bullish resistance is weakening. However, in the short term, the market has shifted from an extremely weak one-sided decline to a pattern of probing for a bottom followed by a rebound. The competition between bulls and bears is intense in the short term. The 4-hour chart shows a fluctuating downward trend, with frequent exchanges of bullish and bearish candles, and the short-term structure relies on the middle track as a critical point. Currently, it has reached a low position, so there is no need to chase the bearish trend at low levels. We should first look for a rebound to go long.

In the afternoon, you can go long on the pancake around 111000, targeting near 113000.
In the afternoon, you can long Ethereum around 3970, aiming for around 4100 #GateLayer正式上线 #LaunchpadXPL认购开启 #狗狗币ETF进展 .