There’s an old saying: every sharp K-line fluctuation shakes out those who can’t hold on. Last night, $BTC put on a real roller coaster—surging to around 93,900 before being pushed back, then dropping to as low as 90,600 before barely stabilizing. This kind of thousand-point back-and-forth really tests your mindset.

Looking at the technicals, the 4-hour chart shows Bitcoin still in a consolidation and recovery phase. After rebounding from the previous low at 80,600, the price is now sticking close to the middle Bollinger Band, with an overall bullish bias. Trading volume is quite active, but the issue is: the price hasn’t broken the previous high yet, and it clearly struggles under pressure near the upper band. The middle band is now basically the last line of defense for the bulls—if it breaks, we’ll need to reassess the direction.

Zooming in to the 1-hour timeframe, it looks more like a standoff after a rally. The high at 93,932 was quickly rejected, and now volatility has narrowed to 0.58%, with the Bollinger Bands tightening. The price is stuck between the middle and upper bands, with both bulls and bears refusing to give in between 93,000 and 94,000. Next, it’ll either break above the upper band or drop below the middle band support—it’s one or the other.

As for Ethereum $ETH, it’s looking relatively weaker, grinding at the lows in sync with Bitcoin.

For operations, I personally lean towards: $BTC can consider going long in the 92,500-93,000 range, targeting 95,000; for $ETH, buy in at 3,130-3,150, targeting 3,250. Of course, this is just my thinking based on current technicals—actual moves will depend on how the market plays out.

At the end of the day, choppy markets are the most draining, but if you survive this washout period, you can catch the real trend and profit later.