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Market fluctuations never occur without reason; they are always testing traders' patience and their understanding of the market. Only by firmly anchoring to the main trend and controlling the rhythm can one seize those more certain opportunities amid the cycle of ups and downs.
Last night's market movement is worth reviewing. Bitcoin started a unilateral rally from a low of 87,654, rushing up to the peak at 88,594, then encountered resistance and pulled back. Ethereum followed closely, rising from around 2,910, reaching near 2,969 before also beginning to face pressure.
From the current technical perspective, after consecutive bearish candles on the four-hour chart, the market suddenly launched a strong rebound. However, the current price has not yet effectively broken through the key resistance zone above, and the Bollinger Bands have tightened, showing clear signs of consolidation in the medium term. In this pattern, if a true and effective breakout can be achieved and stabilized later, the upward space will further open; if not, it is likely to test new lows again and initiate a new downward cycle.
The one-hour chart performance is even more noteworthy. After five consecutive bullish candles, the price has entered a technical adjustment phase, moving back and forth within the middle to upper band of the Bollinger Bands. However, the MACD indicator shows that the fast and slow lines are still expanding and have already broken above the zero line, indicating that bullish momentum still has room to be released.
Based on this analysis, the trading strategy in the early morning is recommended to focus on buying at low levels. Pay close attention to the key resistance levels above; once a clear breakout occurs, adjust your strategy dynamically while also avoiding potential risks.
Specific entry suggestions: Consider going long on Bitcoin around 87,600, with a target near 89,300; for Ethereum, position around 2,920, aiming for about 3,050.