The rise and fall of the crypto market is never a game of fate, but a cultivation of cognition and patience. Every fluctuation in the candlestick chart is the market screening for true long-term believers—some are trapped in the emotions of chasing gains and selling at losses, while others hold the risk control line and traverse the bull and bear markets. The intraday overall market volatility is not as large as before, and the overall coin prices fluctuate back and forth, providing room for both bulls and bears. It all depends on whether one can timely follow Old Wang’s approach to layout.

BTC’s intraday trend started a slow rally from the early morning around 85,000, reaching a high of about 88,000 in the evening when non-farm payroll data was released, and ETH also followed Bitcoin’s movement. In the evening, after the US stock market opened, the coin prices fluctuated back and forth. The US stocks opened lower, then rebounded sharply, and continued to decline afterward. The crypto market also experienced volatility following the US stock market opening trend.

From the current chart, on the 4-hour timeframe, after two consecutive days of bullish recovery, the price encountered significant resistance near 87,700 and then entered a gradual correction phase. Currently, the price is consolidating around 86,400, with the Bollinger Bands opening downward, indicating a downward trend. The key short-term support is around 86,000, and the price is attempting to test upward based on this support. On the 1-hour chart, the market shows a oscillating but relatively strong pattern, with Bollinger Bands narrowing, indicating decreased volatility.

In terms of indicators, KDJ has formed a golden cross above 50, RSI is around 48.9 and neutral to slightly bullish, MACD is a bullish cross below zero but with weak momentum, so caution is needed for a potential pullback after a rise. Overall, the market remains in a range-bound correction phase. In the short term, if the oscillation continues, attention should be paid to opportunities for high sell and low buy.

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Trading suggestions:
Bitcoin: Around 87,000, wait, target 90,000

Ethereum: Around 2,900, wait, target 3,200