The crypto market is unpredictable; patience is more valuable than luck, and reverence lasts longer than greed. Don't let short-term price fluctuations cloud your judgment, nor let market sentiment dictate your decisions. Protect your principal, maintain a steady long-term pace, and weather the bull and bear markets. In the end, you will encounter your own opportunities and gains.

Bitcoin faced resistance and moved downward from the 92,455 level within the day, with bullish momentum continuously weakening and the price dropping to the key support at 87,976. Ethereum showed a volatile trend of rising first and then falling. During the day, it climbed from a low to a high of 3,192, then, as market sentiment shifted, bullish momentum significantly weakened and quickly pulled back, reaching a low of 2,996.

Looking at the current market, the four-hour chart shows a triple bearish breakout pattern, with the price effectively breaking below the lower Bollinger Band support, forming a bearish alignment. The trend suppression is evident, and short-term downside momentum remains strong. On the hourly chart, after a brief consolidation, there was another sharp drop with increasing volume, rebound momentum continues to weaken, and bears dominate the market. The downward trend shows no significant signs of easing. Combined with the technical background of previous key support breaks, market panic has not been fully digested, and the bearish trend is likely to continue. For subsequent operations, it is recommended to look for opportunities near the resistance area during rebound corrections, follow the trend at rebound points, strictly manage positions and stop losses, capture opportunities for continued downside trends, and firmly avoid blindly bottom-fishing or holding against the trend.

Follow Gongzhonghao: Changsheng Looks at the Trend

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

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

$BTC $ETH