Ups and downs in the crypto world, mentality is king. Volatility is the norm, perseverance is the foundation, principal is the bottom line, and patience is the tool. Don’t let candlestick charts disturb your mind, don’t chase hot spots out of impatience, respect risks, maintain your rhythm, endure the volatility and lows, and eventually you will see the trend turn positive. Only with long-term conviction can you witness the brilliance of compound interest. Don’t let market fluctuations disrupt your pace, nor let short-term ups and downs sway your judgment. In the evening, the market first experienced a clear decline, with BTC dropping to a low of 87688, then rebounding to a high of 91722. ETH moved in sync, touching 2903, followed by a sudden strong rebound, reaching a high of 3150.

From the four-hour chart perspective, after BTC dipped to 87688 and quickly recovered, it formed a clear lower-shadow reversal structure, followed by two consecutive bullish candles. The price stabilized between the middle and lower bands of the Bollinger Bands, and bullish sentiment has warmed up. Although the moving average system still shows resistance, the rapid short-term rally indicates strong support below, and the bears lack sustainability. On the one-hour chart, the price formed a standard rapid volume bullish engulfing candle, directly swallowing the previous large bearish candle, and the short-term momentum has shifted from bearish to bullish. Afterward, the price entered a consolidation and adjustment phase around 91200, but the overall structure still leans toward recovery and accumulation.

Follow the official account: Changsheng Looks at Trends

Trading advice:
BTC: Short around 91500, target 88000

ETH: Short around 3160, target 2900

$BTC $ETH