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Hold the principal defense line, maintain enthusiasm for learning, use rationality to counter emotions, and exercise patience to navigate cycles. The volatility and loneliness you endure today will eventually become a light that illuminates the way forward in a certain cycle. Based on market structure analysis, the current Ethereum rally belongs to a sustained upward trend rather than a pulse driven purely by short-term emotions. From the one-hour timeframe, the price continuously forms large bullish candles, with full-bodied K-line entities and limited retracement, consistently operating steadily within the moving average system and the upper band of the Bollinger Bands, indicating strong bullish control. The current price has entered a high-level consolidation phase, and close attention should be paid to the pace of chip digestion in the market, as well as the risk of phased oscillations caused by prolonged consolidation cycles. On the four-hour timeframe, after a strong breakout above the previous high, the price did not quickly fall back but instead closed higher to confirm the move, with the moving average system showing a bullish divergence, maintaining an overall upward structure. Notably, both the RSI and KDJ indicators are in overbought zones, and short-term technical correction pressure is building up, so it is not advisable to blindly chase highs at this position. Overall, trading should follow the continuation of the trend, avoid emotional chasing, and patiently wait for technical correction opportunities to enter.
Trading suggestions:
Bitcoin: around 89,000, target 91,000
Ethereum: around 2,950, target 3,200