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Don't envy others' instant surge; those wealths that traverse cycles are always hidden in confidence in underlying value — it's the steadfastness of not selling at the bottom during a bear market, the clarity of not chasing highs during a bull market frenzy, the ease of investing with spare funds, and the confidence built through continuous learning. This morning, market sentiment experienced oscillation and decline, with Bitcoin retracing to around 89,300, and Ethereum near 3,165.
Currently, the daily chart of Bitcoin shows a prominent long upper shadow, indicating strong selling pressure at high levels. On the 4-hour chart, the MACD green bars continue to shrink, and the DIF and DEA lines are gradually approaching the zero axis; if a golden cross forms, it may trigger a rebound. Otherwise, the market could continue to fluctuate sideways. Ethereum's 4-hour MACD has already formed a death cross and continues downward; although the bearish momentum has diminished somewhat, short-term downward pressure has not been fully released. Its RSI indicator is approaching oversold territory, showing that the downward momentum is weakening. Looking ahead over the next 4 hours, the market may battle between digesting the interest rate cut benefits and technical correction. Considering that the current coin price has not broken below previous key support levels, it is still recommended to focus on accumulating long positions during dips.
Follow Gong Zhonghao: Always Win, Watch the Trend
Trading Recommendations:
Bitcoin: Around 89,500, with a target of 92,000
Ethereum: Around 3,150, with a target of 3,400