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The silence of a bear market is the best time to filter out true believers—real winners are never the speculators chasing the highs and selling on the lows, but the long-termists who hold their principal and endure the solitude. Looking back at the evening market, Bitcoin retraced to around 95,304 points before stabilizing and rebounding, but faced resistance near the 97,000 level; Ethereum initially rose then fell back, reaching around 3,383 points before retreating to about 3,266.
After a strong surge earlier, Bitcoin experienced a noticeable pullback. On the four-hour chart, it remains in an overall bullish trend, but in the short term, it has entered a high-level correction phase. After falling from the high point, the price has now retested the previous dense trading zone and moving average support, indicating that buying support still exists and there is no panic selling. The one-hour chart shows signs of stabilization after consecutive corrections, with decreasing downward momentum. The bearish pressure has been sufficiently released, and a gradual stabilization and sideways consolidation are likely in the short term. Overall, the main bullish trend remains intact, but the short cycle still needs to digest upward pressure through sideways movement or minor retracements. It is not recommended to chase the highs; patience and waiting for a correction to find opportunities are advised.
Trading suggestions:
Bitcoin: Around 95,000, wait, target 99,000
Ethereum: Around 3,250, wait, target 3,600