The ups and downs of the crypto market are never a verdict of fate, but a cultivation of cognition and composure. Every plunge of the candlestick chart is the market filtering out the true long-termists—those who panic and cut losses are not just giving up their chips, but also their ticket to the next cycle; while those who hold on to quality projects are holding onto faith in technological innovation and a firm belief in value returning. In the early morning, the coin price surged to a high of 89,200 before coming under pressure, with the price moving in a volatile downward trend, currently hitting a low of 86,800. Ethereum mirrored Bitcoin’s trend, falling from a high of 2,987 and is now trading around 2,870.

The four-hour chart shows the candlestick closing consecutively in the red, gradually approaching the middle Bollinger band. The Bollinger Bands remain parallel overall, and the MACD indicator values are still biased toward bullish momentum, with the fast and slow lines extending upward steadily, indicating that downward force has weakened. On the one-hour chart, although the candlestick repeatedly closed below the middle band, bearish momentum is rapidly declining, and the Bollinger Bands are narrowing upward, further compressing the downside volatility range. Overall, tonight’s trading suggestion remains to go long at lower levels.

Follow Gongzhonghao: Changsheng Looks at Trends

Trading suggestions:
Bitcoin: Go long around 86,500, target 89,000
Ethereum: Go long around 2,850, target 3,100
$BTC $ETH