The alternating red and green on the candlestick chart not only serve as market risk warnings but also act as a litmus test for identifying strong players—those who can maintain discipline during rapid surges without blindly following the crowd, and stay clear-headed during sharp declines without cutting losses. Those who do so have already won at the starting line of mindset. Yesterday, the market peaked near 93,000 before falling all the way down to 90,600. A strong rebound has yet to appear. The 91,500 level we set in the middle still has a few hundred points of room. Overall momentum remains insufficient.

From a 4-hour perspective, Bitcoin has experienced a period of high-level adjustment and is now showing structural positive signals worth paying attention to. Although the market previously faced distribution pressure, causing the price to temporarily retreat to the middle and lower bands of the Bollinger Bands, this movement should be interpreted as a healthy technical correction rather than a fundamental trend reversal. Notably, despite resistance near the middle band during the rebound, the price demonstrated clear resilience at key support zones. Consecutive lower shadows indicate strong buying support below, and the bulls' defense remains solid. This correction conveniently clears out floating positions for the subsequent rally, laying a healthier foundation for upward movement. Currently, Bitcoin is in a typical “diminishing downside momentum” phase—price volatility narrows, and trading volume stabilizes at low levels, all common positive signals during market bottoming processes. Although the 1-hour chart shows limited volume during the initial rebound, this precisely reflects a significant reduction in selling pressure, with major funds patiently accumulating positions. From a technical standpoint, the overall downward shift of the Bollinger Bands is not merely a sign of weakness but a natural process of the market returning from an overheated state to rational valuation. The narrowing of the channel often indicates an approaching new directional choice. Considering that Bitcoin’s fundamentals remain solid, the current consolidation pattern is more like a buildup of energy for the next upward move.

Trading suggestions:
Bitcoin: Around 90,500, target 94,000
Altcoin: Around 3,080, target 3,300
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