The ups and downs in the crypto world are never the end, but a journey of cultivating knowledge and patience. The fluctuations in the candlestick charts hide tests of human nature, as well as opportunities to weather bull and bear markets—when others chase gains and panic sell, you hold onto value; when the bear market is filled with wailing, you endure the lows—that's the strength to surpass most people. Maintain a steady mindset, stick to your understanding, and in the next cycle, those who persevere to the end will ultimately shine.

Reviewing Bitcoin's market movements in the early hours, after the price touched the high of 93,100, it came under pressure and pulled back, plunging strongly to stabilize at the 90,800 level before stopping its decline. The morning session began a rebound and recovery, and the current price is consolidating in a narrow range around 92,400. Ethereum moved in tandem, retreating from a high of 3,227 to find support and stop its decline at 3,061.

The current market shows that bearish momentum has clearly diminished. On the four-hour chart, three consecutive bullish candles have formed, with a clear pattern indicating that the 91,800 area has become strong support for the bulls. The price has been effectively supported at this level multiple times, showing signs of “slowing decline and easy rebound.” While this move does not mean an immediate trend reversal, it confirms that bearish pressure has significantly weakened and the market is gradually entering a phase of technical correction and stabilization. Switching to the one-hour chart, the structure appears even more positive: after a long lower wick bullish candle engulfed previous losses, the price has held firmly above the key support at 91,800, with higher lows forming and a short-term upward consolidation becoming clear. This indicates that the bulls’ support at lower levels is strengthening, while bears have shifted from active offense to passive defense. Overall, the current trend is clearly transitioning from weakness to stability and moving toward a stronger consolidation, with the technical rebound structure intact and a continued recovery likely.

Follow the official account: Changsheng Looks at Trends

Trading suggestions:
BTC: Long near 91,500, target 94,000

ETH: Long near 3,100, target 3,400

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