From yesterday until now, the overall volatility of Bitcoin has not been significant.
It is still within the range we predicted, and in the short term, our handling of the ups and downs has been quite perfect. After a continuous rise and fall, the market needs an adjustment phase to recover. Overall, neither the bulls nor the bears have continuity; the retracement strength given yesterday and now is not strong. In the short term, we can continue to layout around the range.
From the current trend structure, it is still in a process of fluctuation, with the small cycle still in a downward pullback. The short-term space is slightly converging, and prolonged stagnation and fluctuation is the main tone. It is not a strong one-sided trend; the K-line pattern on the 4-hour chart is basically flat, with no significant change compared to the previous day. This dull pattern leads to uncertainty in strength from day to day. The Bollinger Bands continue to maintain a flat trajectory, with small space, making it difficult to see strength or weakness. The K-line entity is dull, and the current coin price is relatively at the lower edge of the fluctuation range. In the afternoon, we still treat it with low volatility first, and if there are changes in the market, we will adjust accordingly!
On Thursday afternoon, reference the low point of 102500 from last night for buying the dip. The target remains to look first at the 103500-104000 area. Ethereum maintains the morning strategy unchanged, with a buy in the 2550-2580 area, and the target continues to focus on the 2680 line!