Don't let a sudden crash make you dismiss value. Those assets that have weathered multiple bull and bear cycles have proven their worth through the bear market trials. Don't lose your direction just because of short-term profits; preserving your principal is the final line of defense, and knowing when to cut losses is key to lasting in the market. The essence of investing is never a get-rich-quick gamble; it's the realization of your knowledge, the search for certain value amid uncertainty, and using long-term thinking to counter the market's impulsiveness.

After the morning surge, the market quickly turned sharply downward in the afternoon! BTC hit a high of 94,040 in the early session, but bullish momentum clearly weakened, and the price drifted lower under pressure, dipping to an intraday low of 92,366, temporarily pausing its previous upward momentum. ETH followed suit, failing to hold the 3,239 high and entering a downtrend, hitting a low of 3,154, with the short-term rebound channel completely invalidated.

On the four-hour chart, the market shows a strong consolidation pattern, with prices staying within the ascending channel. Although there's ongoing contention around the short-term moving averages, the price hasn't broken key support, indicating strong buying interest below. The current market is consolidating at high levels, with bulls and bears locked in a temporary tug-of-war, but the overall structure remains intact and the bullish trend still dominates. As long as the price holds above the moving average support, there’s potential to challenge previous highs again. On the one-hour timeframe, the market is experiencing narrow-range consolidation, with prices repeatedly testing around the middle Bollinger Band. Although there has been a short-term pullback, bearish candles are weak, showing that bulls are still defending. RSI and KDJ indicators are lingering at low levels but haven’t formed an accelerated downward structure, reflecting limited bearish momentum. The current trend can be seen as a period of accumulation before another upward move. ETH and BTC are resonating, both maintaining a steady upward consolidation pattern, with support gradually rising and bullish sentiment building. There’s potential for ETH to follow BTC in challenging key resistance levels.

Follow Gong Zhonghao: Changsheng Looks at Trends

Trading Suggestions:
BTC: Long near 92,000, target 95,000

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

$BTC $ETH