During the bear market's slow decline, do not panic and lose your composure. The ones who can truly laugh last rely not on luck in predicting the market, but on clear-headedness in investing with idle funds and the discipline of independent analysis. Last night, Bitcoin's price found support after falling to a low of around 94,234 and rebounded, with the highest price reaching around 95,550 in the early morning. Afterwards, the market entered a small range of oscillation and consolidation. Ethereum's price followed Bitcoin's pattern, falling to a low of around 3,251 last night before stopping its decline and rebounding, reaching a high of around 3,298 in the early morning, then also entering a phase of oscillation and consolidation.
From the daily chart perspective, after a brief retracement, the market stabilized and rebounded, currently maintaining a high-level oscillation pattern. Although there is some phased selling pressure above, the support structure below is more solid—the previous large bullish candles' starting zone forms a key defensive position for the bulls. As long as the price can stay above this area, the overall strong consolidation trend will remain unchanged. Switching to the 4-hour cycle, the price continues to fluctuate narrowly between the middle and lower bands of the Bollinger Bands, with fierce battles between bulls and bears within this range, and no sustained breakout trend has formed yet. Given the overall low volatility in the current market, it is recommended to operate within the range constraints and focus on flexible short-term trading.
Trading suggestions: Bitcoin: Around 94,800, target 98,000 Ethereum: Around 3,250, target 3,500
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
During the bear market's slow decline, do not panic and lose your composure. The ones who can truly laugh last rely not on luck in predicting the market, but on clear-headedness in investing with idle funds and the discipline of independent analysis. Last night, Bitcoin's price found support after falling to a low of around 94,234 and rebounded, with the highest price reaching around 95,550 in the early morning. Afterwards, the market entered a small range of oscillation and consolidation. Ethereum's price followed Bitcoin's pattern, falling to a low of around 3,251 last night before stopping its decline and rebounding, reaching a high of around 3,298 in the early morning, then also entering a phase of oscillation and consolidation.
From the daily chart perspective, after a brief retracement, the market stabilized and rebounded, currently maintaining a high-level oscillation pattern. Although there is some phased selling pressure above, the support structure below is more solid—the previous large bullish candles' starting zone forms a key defensive position for the bulls. As long as the price can stay above this area, the overall strong consolidation trend will remain unchanged. Switching to the 4-hour cycle, the price continues to fluctuate narrowly between the middle and lower bands of the Bollinger Bands, with fierce battles between bulls and bears within this range, and no sustained breakout trend has formed yet. Given the overall low volatility in the current market, it is recommended to operate within the range constraints and focus on flexible short-term trading.
Trading suggestions:
Bitcoin: Around 94,800, target 98,000
Ethereum: Around 3,250, target 3,500