Cryptocurrency fluctuations are never a matter of fate, but a test of perception and patience. Every rise and fall of the candlestick chart is the market screening for true believers—some are trapped in FOMO emotions, chasing gains and selling off, while others rely on strict rules to navigate the cycles of bull and bear markets. In the morning, the price was around 86,000; by midday, it dropped to a low of approximately 85,226 before rebounding. The market showed signs of warming, rising to around 86,577, then oscillating nearby. Ethereum's chart followed a similar pattern: a surge in the morning to about 2,976, then facing resistance and pulling back; midday, it dropped to a low of around 2,870. Currently, the market is in a phase of technical correction.
From the 4-hour chart perspective, Bitcoin previously broke through its previous high with a volume surge and long bullish candlestick, then retraced slightly and entered a high-level consolidation phase. The candlesticks show alternating bullish and bearish narrow fluctuations, with no deep retracements during the session, indicating that the bullish momentum still dominates. The current sideways movement can be seen as a consolidation phase within an upward trend, with the overall structure intact. After this correction, the price is expected to challenge previous highs again. On the 1-hour chart, the price continues to hover near the upper Bollinger Band, which is gradually narrowing, indicating that market volatility is clearly decreasing. This pattern usually signals that the short-term trend is about to face a decision.
Operationally, it is recommended to continue following the trend for long positions, relying on key support zones to gradually add to long positions and seize potential breakout opportunities, while also managing risk carefully.
Follow Gong Zhonghao: Always Win, Trend Watching
Trading suggestions: Bitcoin: Around 85,500, target 90,000
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Cryptocurrency fluctuations are never a matter of fate, but a test of perception and patience. Every rise and fall of the candlestick chart is the market screening for true believers—some are trapped in FOMO emotions, chasing gains and selling off, while others rely on strict rules to navigate the cycles of bull and bear markets. In the morning, the price was around 86,000; by midday, it dropped to a low of approximately 85,226 before rebounding. The market showed signs of warming, rising to around 86,577, then oscillating nearby. Ethereum's chart followed a similar pattern: a surge in the morning to about 2,976, then facing resistance and pulling back; midday, it dropped to a low of around 2,870. Currently, the market is in a phase of technical correction.
From the 4-hour chart perspective, Bitcoin previously broke through its previous high with a volume surge and long bullish candlestick, then retraced slightly and entered a high-level consolidation phase. The candlesticks show alternating bullish and bearish narrow fluctuations, with no deep retracements during the session, indicating that the bullish momentum still dominates. The current sideways movement can be seen as a consolidation phase within an upward trend, with the overall structure intact. After this correction, the price is expected to challenge previous highs again. On the 1-hour chart, the price continues to hover near the upper Bollinger Band, which is gradually narrowing, indicating that market volatility is clearly decreasing. This pattern usually signals that the short-term trend is about to face a decision.
Operationally, it is recommended to continue following the trend for long positions, relying on key support zones to gradually add to long positions and seize potential breakout opportunities, while also managing risk carefully.
Follow Gong Zhonghao: Always Win, Trend Watching
Trading suggestions:
Bitcoin: Around 85,500, target 90,000
Ethereum: Around 2,850, target 3,200