The ups and downs of the crypto world are determined by mindset. Price fluctuations are normal; patience is your confidence. Don’t let short-term volatility disturb your judgment, and don’t be swayed by market noise. Protect your principal, maintain a steady position, and endure through bull and bear cycles. Knowledge and perseverance will ultimately illuminate the path to profit. Endure the tough times, and you’ll eventually see the dawn.
This morning, Bitcoin rebounded after dropping to a low of 89,242. Currently, it is consolidating and oscillating around the 91,500 level, with both bulls and bears engaging in a brief battle within this range. Ethereum’s price movement is in sync with Bitcoin, similarly stabilizing after pulling back to a low of 3,013 and now showing a short-term upward trend.
Since the market opened this week, prices have consistently stayed above the 90,000 mark. Looking at the weekly structure, the market is likely in the process of forming a short-term top this week, with a low probability of a significant single-direction move. Overall, it is still operating within a triangular consolidation pattern. In the short term, the price has been rising again, testing the key resistance area around 91,800. There is noticeable selling pressure in this region, and upward momentum appears to be weakening. Therefore, the current rebound can be seen as an opportunity to establish short positions at higher levels.
Follow our public account: Changsheng Looks at Trends
Trading Recommendations: Bitcoin: Short around 92,000, target 89,000
Ethereum: Short around 3,200, target 2,900 $BTC $ETH
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The ups and downs of the crypto world are determined by mindset. Price fluctuations are normal; patience is your confidence. Don’t let short-term volatility disturb your judgment, and don’t be swayed by market noise. Protect your principal, maintain a steady position, and endure through bull and bear cycles. Knowledge and perseverance will ultimately illuminate the path to profit. Endure the tough times, and you’ll eventually see the dawn.
This morning, Bitcoin rebounded after dropping to a low of 89,242. Currently, it is consolidating and oscillating around the 91,500 level, with both bulls and bears engaging in a brief battle within this range. Ethereum’s price movement is in sync with Bitcoin, similarly stabilizing after pulling back to a low of 3,013 and now showing a short-term upward trend.
Since the market opened this week, prices have consistently stayed above the 90,000 mark. Looking at the weekly structure, the market is likely in the process of forming a short-term top this week, with a low probability of a significant single-direction move. Overall, it is still operating within a triangular consolidation pattern. In the short term, the price has been rising again, testing the key resistance area around 91,800. There is noticeable selling pressure in this region, and upward momentum appears to be weakening. Therefore, the current rebound can be seen as an opportunity to establish short positions at higher levels.
Follow our public account: Changsheng Looks at Trends
Trading Recommendations:
Bitcoin: Short around 92,000, target 89,000
Ethereum: Short around 3,200, target 2,900
$BTC $ETH