Entering the weekend, the market has once again entered a weak oscillating consolidation phase. Currently, Bitcoin is fluctuating around 103,000, while Ethereum is adjusting near 2,330, with overall volatility being relatively small.
In terms of overall structure, after consecutive days of gains, the daily line closed with a bearish candle, and the long upper shadow indicates that there is still space above. Combining with our previous analysis, 105,000-102,500 serves as a strong resistance zone. An effective breakthrough of this zone will lead Bitcoin to pursue new historical highs. Currently, it continues to break new highs followed by pullbacks and oscillations, which is also building momentum for future upward movement; at the same time, being cautious of potential risks, factors such as the capital chain and fundamentals still need to be considered.
The four-hour and hourly technical indicators are showing divergent patterns, with the price of the coin operating around the middle track on the hourly chart. After the opening has contracted, the upper, middle, and lower tracks are almost parallel, and the short-term range has been further compressed. In the short term, it is advisable to sell high and buy low within the range, flexibly adjusting the layout.
