Last night, the cryptocurrency price continued its previous retracement trend, testing support below the 90,000 level, then rebounding from the bottom. The price quickly bounced back above 91,000, then entered a sideways consolidation and correction phase. The bulls and bears were again in a tug-of-war. After leading students to enter long positions last night and exiting the small longs, we also successfully positioned longs around 90,000, turning losses into profits and capturing this wave of market movement. Our market insight still comes from long-term real trading experience and real-time market feel. To achieve steady position accumulation and returns in the crypto space, experience and flexible market intuition are essential. Therefore, friends who haven't had good recent trading results might consider following Zhi Yu's rhythm and try it out.

Looking at the four-hour chart of Bitcoin, the price dropped sharply below the lower band after a bearish engulfing pattern, then rebounded with three consecutive bullish candles for recovery. The long lower shadow in the consecutive candles indicates strong support below 90,000. On the four-hour timeframe, the bearish momentum continues to weaken, with the KDJ indicator diverging upward rapidly. Although the price previously tested a high point and retraced significantly, it remains within a triangle pattern. Overall candlestick analysis shows that the lows are gradually rising, and after some consolidation, the price still has upward potential and momentum.

In the short-term hourly chart, after quickly testing support below the lower band, the price did not become oversold but rebounded quickly above the middle band, then entered a sideways consolidation phase. The Bollinger Bands are gradually widening and trending upward. Once this consolidation phase concludes, the price is still expected to move higher. Currently, it’s advisable to participate with a retracement and buy-the-dip mindset.

For Bitcoin, consider going long around 90,500, watch for resistance near 92,000. For Ethereum, consider going long around 3,080, watch for resistance near 3,200. #预测市场争议