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Remember that time is the best friend in the crypto world. Those who endure the volatility and resist the impulses will eventually see their flowers bloom at the cycle turning point. The intraday market continues its oscillating tug-of-war, with Bitcoin surging to 93,707 before pulling back, and a strong rebound around the 92,000 level. Ethereum reached a high of 3,198, then retraced to 3,170 before regaining upward momentum. Recently, the market has been fluctuating with sharp rises and falls.
From the four-hour chart, BTC price experienced a prolonged period of consolidation near the midline, then in the evening, it quickly rallied with consecutive bullish candles, breaking through the upper Bollinger Band resistance and forming a short-term overbought pattern. Currently, the Bollinger Bands are expanding rapidly, indicating that the bulls are clearly dominating the market, further consolidating the overall upward trend. Although there has been some short-term correction, the overall bullish trend remains intact.
On the one-hour chart, the price shows a pattern of "consolidating, rising, and moving upward," reflecting the dominance of the bulls while also indicating a gradual warming of market sentiment—higher highs and higher lows, with buying strength gradually increasing. The three lines of the KDJ indicator have crossed bullishly and are diverging upward quickly, the MACD histogram continues to grow stronger, and the Bollinger Bands are expanding upward, opening the upward channel simultaneously. Despite short-term technical corrections, the overall trend remains bullish, with further upward space and momentum expected. It is recommended to continue maintaining a bullish outlook.
Trading suggestions:
Bitcoin: around 92,800, target 96,000
Ethereum: around 3,100, target 3,300