The fluctuations in the cryptocurrency market are never a barometer for life, but rather a practice in cognition and temperament. The ups and downs of the K-line resemble the ebb and flow of tides; some people lose themselves in the chase of rising and falling prices, while others settle during the bull and bear cycles — the true winners are not those lucky enough to bet on a single market movement but the long-termists who preserve their capital and endure solitude. In the morning, Bitcoin surged to 87384 points before entering a phase of consolidation. In the afternoon, it dipped to the intraday low of 86159, before maintaining a narrow range. In the evening, the market broke the consolidation pattern and started a unilateral upward trend, reaching a high of 91253 points, successfully refreshing yesterday's high, with a significant intraday increase. Ethereum also strengthened, climbing to an intraday high of 2825 before entering a phase of consolidation. In the afternoon, along with Bitcoin's correction, it fell back to around 2780 to stabilize, and then gradually oscillated upwards. In the evening, following Bitcoin, the momentum increased, reaching a high of 3026 points.

Currently, Bitcoin is showing a clear corrective rebound structure on the 4-hour timeframe. After stabilizing and rising from the previous low of 80600, the price has been continuously operating above the middle band of the Bollinger Bands, with the current quote at 91873, indicating that bullish forces dominate the rhythm in this timeframe. The 1-hour timeframe is also in a fluctuating upward trend, with the price gradually moving up relying on the middle band of the Bollinger Bands, and is now close to the key resistance level of 92273. Considering the movements of both timeframes, the short-term rebound trend has continuity, but attention should be focused on whether this position can be effectively broken: if the price can strongly stabilize above this resistance level, the market is expected to further open upward space; conversely, if it encounters resistance and falls back, caution should be exercised regarding the risk of a short-term pullback, and corresponding rhythm adjustments should be made.

Follow Gong Zhonghao: Chang Sheng observes the trend

Operation Suggestions:
Bitcoin: hovering around 91000, target looks at 94000

Two pancakes: around 2950 dip, target level looking to 3200.

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