The rise and fall in the crypto market are never the end, but rather a journey of cultivating mindset and foresight. The fluctuations of the K-line resemble the tides, and the noise of chasing gains and cutting losses will eventually fade away. Only those who maintain risk control and understand the long-term trend can navigate through the cycles of bull and bear markets. In the early hours of Thursday, bitcoin price was supported by news around the 92,000 level, rebounding to around 94,443 before facing resistance and pulling back. After dropping to around 98,300 at midday, the price showed signs of warming. When the US stock market opened, it fell to the intraday low of around 89,200, then oscillated slightly. Ethereum's trend was similar: rebounding to a high of around 3,446 in the early morning before retreating, and falling to a low of around 3,142 in the evening.

From the current market perspective, the 4-hour timeframe continues to fluctuate within the middle and lower bands of the Bollinger Bands, with no clear directional signals yet. The candlestick patterns show alternating narrow fluctuations between bullish and bearish signals, with increased tug-of-war causing long and short shadows to lengthen significantly. Although bears currently dominate in the short term, the price quickly bottomed out and rebounded after reaching key support levels, indicating potential short-term upward momentum from the technical perspective. Switching to the 1-hour chart, the market remains constrained within a box range, with the Bollinger Bands gradually converging, suggesting the market is in a critical state of buildup. The MACD indicator is still below the zero line, but the fast and slow lines are beginning to turn upward, with a preliminary golden cross forming. Overall, during the early hours, it is advisable to focus on support levels for deployment and to catch a rebound.

Follow Gong Zhonghao: Always Win Looks at Trends

Trading Suggestions:
Bitcoin: around 90,500, target 93,000

Altcoin: around 3,150, target 3,400

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