The alternating red and green candlesticks resemble the ups and downs of life. During rapid surges, don't be blinded by greed; during sharp declines, don't let fear take away your resolve—true winners are not gamblers chasing highs and lows, but long-term investors who protect their principal and endure the long night. The recent market has been generally sluggish, remaining in a volatile pattern. After a weakening trend, it has entered a range-bound consolidation mode. Yesterday's non-farm payroll data was released, but it didn't cause much turbulence in the market. Both bulls and bears are engaged in a tug-of-war, and currently, Bitcoin's price is fluctuating narrowly around 90,600.
From the current structure, the hourly chart shows signs of a bottoming rebound. Although the price is still consolidating below the midline, it is using time to gain space to digest selling pressure. The daily chart is in a corrective wave retracement rhythm but is gradually approaching a key support zone. If it finds support near the 90,000 level, the market is expected to stabilize and begin a rebound. The four-hour chart has not yet effectively broken through the midline resistance but shows signs of accumulating rebound momentum. In the afternoon, watch whether the price can volume-break through and stabilize around the 91,000 midline resistance. If it can hold firmly, the rebound space may open up. Consider entering long positions after a confirmed breakout and retest, with short-term risk control based on the recent oscillation range's lower boundary.
Trading suggestions: Bitcoin: Around 90,000, consider buying, target 94,000 Altcoin: Around 3,050, consider buying, target 3,300 $BTC $ETH
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The alternating red and green candlesticks resemble the ups and downs of life. During rapid surges, don't be blinded by greed; during sharp declines, don't let fear take away your resolve—true winners are not gamblers chasing highs and lows, but long-term investors who protect their principal and endure the long night. The recent market has been generally sluggish, remaining in a volatile pattern. After a weakening trend, it has entered a range-bound consolidation mode. Yesterday's non-farm payroll data was released, but it didn't cause much turbulence in the market. Both bulls and bears are engaged in a tug-of-war, and currently, Bitcoin's price is fluctuating narrowly around 90,600.
From the current structure, the hourly chart shows signs of a bottoming rebound. Although the price is still consolidating below the midline, it is using time to gain space to digest selling pressure. The daily chart is in a corrective wave retracement rhythm but is gradually approaching a key support zone. If it finds support near the 90,000 level, the market is expected to stabilize and begin a rebound. The four-hour chart has not yet effectively broken through the midline resistance but shows signs of accumulating rebound momentum. In the afternoon, watch whether the price can volume-break through and stabilize around the 91,000 midline resistance. If it can hold firmly, the rebound space may open up. Consider entering long positions after a confirmed breakout and retest, with short-term risk control based on the recent oscillation range's lower boundary.
Trading suggestions:
Bitcoin: Around 90,000, consider buying, target 94,000
Altcoin: Around 3,050, consider buying, target 3,300
$BTC $ETH