Friday, April 25, 2025

In the early morning, the market fell into a stalemate, showing a narrow range of sideways fluctuations. Both bulls and bears repeatedly tested but failed to break the deadlock, and the price fluctuation range continued to narrow, lacking a clear one-sided trend. During this period, bulls and bears took turns to exert force, but the market still failed to form an effective breakthrough, and the continuity performance was poor, which limited the operational space for long positions before the market. The performance of Ethereum is particularly typical, hovering up and down around the 1760 mark for a long time, with significant characteristics of sideways movement. The current overall operational trend of the market highly aligns with the prediction of range fluctuations.

From the 4-hour candlestick chart, although it has shown a three consecutive bullish pattern, the upward momentum is slightly insufficient, and the increase is relatively limited, with prices consistently operating between the middle and upper bands of the Bollinger Bands. The Bollinger Bands' opening shows an upward expansion trend, and the pullback strength is obviously weak, indicating that bulls still hold a certain advantage. Combining with previous trend analysis, Bitcoin has built a solid support line in the 91000 - 92000 range. As long as this key support area is not effectively broken, it will be difficult for bears to exert substantial force, and the flexible switching operational idea between bulls and bears remains feasible.

For intraday operations, I personally suggest initiating long positions with light holdings of Bitcoin around 93300, targeting near 94500!

Ethereum can attempt to go long with light holdings around 1750, targeting near 1800!