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Everyone who has experienced a bear market understands that the real opportunities often arrive quietly when things are least clear.
Last night's market was quite interesting——Bitcoin dropped from 91,425 to around 90,500 and then quickly rebounded, finally stabilizing in the 91,200 range for consolidation. The small coin's rhythm was almost the same, recovering from a low of 3,087 to around 3,120 and oscillating repeatedly.
From the four-hour chart, the price is swinging between the middle and lower bands of the Bollinger Bands. Each dip is met with buying support, indicating that the support below is quite solid. Although the momentum weakens as it approaches the middle band, this isn't necessarily a bad sign—it seems more like gathering strength. Not all sideways consolidations mean a decline; sometimes it's just about digesting pressure and accumulating energy for a breakout.
This position feels like a decision point. If the support at 90,500 holds, the opportunity for long positions is right in front of us. The target for Bitcoin is around 94,000, and for the small coin, it points to 3,300. The key is to wait for confirmation of support and not to exit prematurely.