The market ebbs and flows like the tide; every fluctuation is a brewing opportunity. True traders can calmly capture the pulse of trends and respond gracefully to short-term turbulence. Although the current market appears to be in a stalemate, precise rhythm control and strict discipline will help you maintain your position in the tug-of-war between bulls and bears! At this moment, a pullback signal is emerging, which is precisely an opportunity to gather strength for the next battle. Bitcoin is showing a typical box oscillation pattern during midnight hours, with prices continuously fluctuating around 93,000 in a tug-of-war. In the afternoon, the market suddenly surged quickly, reaching a high point of 103,840. Ethereum launched a fierce offensive in the morning session, once soaring to around 2,379, but then encountered a technical pullback. In the afternoon, bulls regrouped and made a second attack around the 2,377 level, again facing pressure and pulling back.
From a technical analysis perspective, multiple indicators suggest that the risk of market pullback is intensifying. From a 4-hour perspective, the current RSI is showing an overbought state. The short-term price is overheated, and pullback pressure is continuously accumulating. Meanwhile, the KDJ indicator is also signaling danger, with the K and D values crossing each other at high levels and then flattening, indicating that the upward momentum is gradually weakening. A top structure may form in the short term. The Bollinger Bands indicate that the upward resistance in the market is gradually strengthening, and there is a divergence between the price and the Bollinger Bands. Two attempts to break through the previous high have not succeeded, forming a local double top pattern. If the price subsequently falls below the 103,000 mark, it may trigger stop-loss selling pressure from bulls, exacerbating the downward trend in prices.
Bitcoin: Short near 103,800 with a short-term target of 102,500.
Ethereum: Short near 2,380 with a short-term target of 2,300.
