It's the weekend again, and it's another day of low volatility. After a deep pullback in Bitcoin yesterday, there has been no continuation or reversal. Instead, it hovers around the mid-range of approximately 91000, without significant progress. This kind of market is about exchanging time for space, and we need to be patient and wait. As long as the upper highs are not broken, we will continue to operate within the range. Today, we will mainly focus on low long positions.
From a technical structure analysis, the price has retraced to the mid-band of the Bollinger Bands with a solid bearish candle at the four-hour level previously. It has not formed an effective breakdown, and subsequently stabilized at this key support level, transitioning into a period of consolidation. Currently, the price is beginning to form an upward channel pattern, characterized by gradually rising pullback lows. This indicates that the market is approaching a critical pivot point: once the price effectively breaks through the previous high resistance, the current overall consolidation pattern is likely to achieve a trend reversal.
Bitcoin: Long positions in the range of 90000-90500, target focus on 92000
Ethereum: Long positions around 3000, target focus on 3100
