Morning shipping information has once again retreated to around 933, stabilizing and rebounding to around 950, with fluctuations. The bulls have once again provided a slight upward movement. Based on the current tug-of-war between bulls and bears, if the box structure is not broken in the short term, the overall trend will still be treated as being within a fluctuating range. Fei Ge provided a bearish perspective early in the morning, and Na Li finds it that easy. Friends, have you been following my thoughts?
Currently, the daily candlestick for Bitcoin has closed as a doji, with space contracting and consolidating. Approaching the end of the month, from the monthly perspective, a lower shadow has formed, determining the adjustment space for next month. The weekly chart shows continuous upward movements, with the upper channel opening and sustained volume increasing. This week has seen multiple highs followed by lower closes, with the short-term still in a consolidation correction phase, the rhythm has relatively slowed down. On the 4-hour structure, the range has not yet broken the box, with the upper level of 96000 not giving an effective breakthrough, while the lower support at 93000 has also not broken. This range belongs to a wide consolidation, and the current volatility base is presented as narrow consolidation on the 4-hour chart. The Bollinger Bands are starting to narrow, contending between the upper and lower bands. On the hourly chart, the back-and-forth between bulls and bears is further preparing for a unilateral structure, and short-term operations should revolve around watching for fluctuations within the range. If a breakout occurs, just follow the trend.
Bitcoin can go short at 95000-95500, targeting around 92500, while Ethereum can go short at 1810-1830, targeting around 1700.