There are no guaranteed shortcuts to steady profits in the crypto world, but there is a clear path forged through perseverance. Don’t let short-term fluctuations disrupt your long-term perspective, and don’t let temporary losses make you question your initial choices. Remember the consensus that “we are still early.” Like the blocks in a blockchain, every lesson learned and every adjustment made lays the foundation for your knowledge.

On Monday morning, Bitcoin’s price showed a narrow range of fluctuations, reaching a high of 88,100 before coming under pressure. It then fell back to a low of 85,915 and repeatedly oscillated within this range. Ethereum, on the other hand, showed a recovery trend in the morning, rebounding after pulling back to a low of 2,761, with the midday high reaching 2,884.

Bitcoin experienced a round of correction to around 85,000 this morning, then stabilized and rebounded, now consolidating around 86,000. Recently, the trend is different from the previous “sharp drops and slow rises”—the market has clearly stabilized, which can be interpreted as exhaustion of previous downward momentum. The market is gradually establishing a bottom and preparing for a new round of gains. From the 4-hour technical structure, after dropping from the previous high of 93,000 to the current area near 86,000, the price has started to recover from the lows. The chart clearly shows a shift to “slower declines and more stable rises.” If the price can effectively hold above the 87,000 mark, it is highly likely to test the 90,000 resistance level next.

Follow Gong Zhonghao: Changsheng Looks at the Trend

Trading Suggestions:
BTC: Go long near 85,000, target 89,500
ETH: Go long near 2,750, target 2,950
$BTC $ETH