The crypto world has never been a short-term speculative gamble, but rather a journey of cultivation through cycles. The rise and fall of candlesticks reflect the game of human nature, and every fluctuation is a gift for growth. Only by enduring the silence of the lows can you wait for the rewards of the trend. Anchor your direction with knowledge, combat impatience with patience, don’t get caught up in short-term volatility, don’t be distracted by market noise, stick to your original intention and discipline, and by persevering through bull and bear cycles, you will eventually welcome your own dawn. Judging from the current trend, the weekend’s range-bound movement has not brought about any major market moves. It was only last night when BTC broke above the 90,000 mark that short sellers felt some panic, but today’s overall downward consolidation has restored their confidence to remain bearish.

From the weekly perspective, the current Bollinger Bands’ middle and lower bands are both trending downward. Although the price has seen a slight rebound relying on the lower band, this is still a short-term technical recovery within a larger downtrend. There is no clear bottom reversal candlestick pattern on the chart, nor has the price effectively broken through the key resistance at the middle band, so the overall weak pattern remains unchanged. The support formed near the lower band can only temporarily slow the decline and is not enough to confirm that the market has stabilized. From the perspective of time-frame linkage, the current narrow daily consolidation still essentially follows the weekly downtrend, and its momentum is not enough to reverse the larger trend. Only when the daily chart can hold above its middle band, leading the weekly bands to turn upward, and the price strongly breaks through the weekly middle band resistance, can the current weak situation be truly changed. Otherwise, the weekly downtrend is expected to continue.

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Trading suggestions:
BTC: Short around 90,000, target 87,000

ETH: Short around 3,100, target 2,800

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