We cannot control our encounters, but we can control our mindset; we cannot change others, but we can change ourselves; although we cannot change what has already happened, we can adjust our mindset. With determination, nothing is difficult; with sincerity, the road will be open. A correct mindset can make your life more calm and comfortable. The intraday market is once again approaching its end. A simple review of the intraday situation shows a wave of rising in the morning, with the price rebounding directly from the low of 94400, eventually rising to around 97700 and then retreating under pressure. After this slight inertia pullback, the price made a slight adjustment and officially fell into a narrow range, continuing until the opening of the US stock market, where volatility slightly increased, but the overall pattern remained unchanged.
From the current trend, the daily chart shows a small bearish candlestick with a doji pattern, where the upper shadow is longer than the lower shadow, indicating significant pressure above and weakening bullish momentum. On the 4-hour chart, the price has made several attempts to break through the upper resistance level but has not been able to do so effectively. Overall, it remains within the range below the upper band, indicating that the market is in a consolidation and recovery phase. In the short term, the major cryptocurrency is oscillating between 96000 and 97500, forming a short-term box consolidation pattern. In terms of operations, it is recommended to continue holding a short position, paying close attention to the impact of the Federal Reserve's announcements on the market, as well as the gains and losses at the 98000 level above. If it can effectively break through this level, we can continue to look for bullish continuation, targeting the range of 99000 to 100000. If it fails to break through, be cautious of the possibility of a price drop to the support level of 95000 or lower. Respond flexibly, and be cautious when entering the market.
Short position on cryptocurrency at 97000-97500, watch near 95000
Short position on Ethereum at 1830-1850, watch near 1750