The ups and downs in the crypto world are never a verdict of fate, but rather a practice of patience and understanding. The frenzy of a bull market amplifies desire, while the silence of a bear market tests your original intent. However, real opportunities are always hidden in the calmness during others’ panic and in the perseverance that withstands market cycles. Recently, after Bitcoin bottomed out at the 80,600 level, it has shown a slow upward trend, reaching as high as 89,100 during the early morning before encountering resistance and pulling back, now returning to around 87,700. As for yesterday’s movement, it basically dropped first and then rebounded.

At present, the short-term trend still favors a bullish structure. On the 1-hour chart, although the middle Bollinger Band has flattened somewhat compared to before, there is no significant increase in bearish volume, so the current pullback is considered a normal technical correction. In the follow-up, pay close attention to the support performance near the middle band: For BTC, watch the 86,700-86,400 range—if the price falls near this area, wait for a stabilization signal or a clear breakout before making a move. For ETH, focus on the 2,860-2,830 range. In the short term, we still mainly favor a bullish stance; please remember to set stop-losses!

Follow Gong Zhonghao: Changsheng looks at the trend

Trade recommendations:
BTC: Buy around 87,000, target 90,000
ETH: Buy around 2,850, target 3,100
$BTC $ETH