Every fluctuation in the market tests our beliefs. A drop does not signify an end, but rather the brewing of new opportunities; volatility is not a reason for fear, but a sharpening stone for wisdom and courage. Last midnight, the Bitcoin market entered a phase of sideways consolidation without significant fluctuations. After dipping to a low of 94310, the price rebounded and has since been fluctuating within the range. Ethereum’s market is also consolidating within the range of 1810-1780.
According to the current market conditions, the four-hour level shows that after a slight pullback, there is strong support below, and the price has rebounded. The market is consolidating just below the upper band of the Bollinger Bands, in a high-level consolidation, with both bulls and bears pulling against each other. Trading volume is relatively stable. The one-hour level shows the price moving upward in a step-like manner, but relatively slowly. The KDJ indicator shows all three line values around 50, indicating a stalemate between bullish and bearish forces. Therefore, in the morning, we can trade in the form of going long when the price is high and short when the price is low.
Buy Bitcoin around 94500, target at 96000.
Buy Ethereum around 1800, target at 1850#BTC .