True long-termism is not blind stubbornness, but a clear and sober adherence after understanding the logic: believing in the consensus accumulation of Bitcoin, recognizing the technological iterations of mainstream public chains, and patiently waiting for the value seeds to take root and sprout. Those astonishing wealth stories have never been achieved through shortcuts like chasing hot topics or gambling with leverage, but by entrusting time to quality assets, maintaining resolve amidst noise, and enduring loneliness during downturns. Looking back at this morning’s market, compared to the high of 87,925, it showed strong downward movement, dropping to around 86,158 by the afternoon. Currently, it is in a phase of technical correction, with Ethereum following a similar pattern, dropping from a high of 2973 in the morning to around 2912 in the afternoon.

During the price retracement, the lower band of the Bollinger Bands consistently provided effective support, forming a clear support rebound structure. Short-term support has been preliminarily validated. Although the Bollinger Bands are still in a downward trend overall, after the price hit bottom, it has gradually moved away from the lower band’s weak zone and continued to approach the middle band, indicating that buying momentum is steadily accumulating, and the price’s center of gravity is increasingly shifting upward. From an hourly perspective, although the market shows alternating bullish and bearish oscillations, the Bollinger Bands have gradually shifted from narrowing to opening, usually indicating that bullish momentum is recharging, and the short-term trend is becoming more positive. Based on multi-cycle market signals, after a brief consolidation, the current trend is expected to continue the previous upward trajectory.

Follow Gong Zhonghao: Always Win, Watch the Trend

Trading suggestions:
Bitcoin: around 86,000, target 90,000

Ethereum: around 2,880, target 3,200