In the waves of ups and downs in the crypto world, there’s no need to panic over short-term red and green. The rise and fall of candlesticks is the market norm, just as the cycle of bull and bear markets is a gift of time—bull markets teach you to go with the trend, while bear markets hone your stability and resilience. The real winners are never gamblers chasing the highs and lows, but long-termists who protect their principal and endure loneliness. They understand that stop-loss is a ticket to rebirth, and patience is the oar that carries you through cycles. Yesterday, Bitcoin showed a volatile upward trend, gradually rising from the morning low of 90954, with bullish momentum pushing the price to the intraday peak of 93932 in the afternoon, followed by a brief pullback under pressure. In the evening, the price dipped to the support level of 91637, where it was met with buying and quickly rebounded. Ethereum also moved in tandem, starting from the morning low of 2983, attacking upwards and entering a narrow consolidation after hitting a high of 3084. In the evening, after stabilizing at 3030, it surged again, reaching a high of 3198, maintaining a strong upward pattern.

From the daily chart perspective, after four consecutive days of correction, the market has now rebounded with two consecutive bullish days, initially forming a bottom reversal pattern. Technical indicators show the lower Bollinger Band has turned upward, confirming the effectiveness of short-term bottom support; the KDJ indicator continues to diverge upward after a golden cross at a low level, indicating that bullish momentum is gradually strengthening. Currently, short-term momentum and price trends are resonating positively, and the trend for further upward movement is becoming clearer. On the hourly chart, although the MACD shows a slight increase in bearish volume bars, the narrowing Bollinger Bands are effectively limiting the downside. Combined with the single-pin bottom reversal structure formed by previous candlesticks, the market has accumulated ample upward momentum, laying a solid foundation for subsequent breakouts. Overall, it is recommended to maintain a strategy of buying on dips.

Follow Gongzhonghao: Changsheng Looks at Trends

Trading recommendations:
BTC: Buy near 93500, target 96000

ETH: Buy near 3150, target 3400
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