Bitcoin has recently entered a range-bound state after a significant pullback a few days ago, fluctuating in the range of 105000-106000, with an approximate 1000-point movement. Properly utilizing the market fluctuations can yield gains, and it's essential to develop a strategy for entry and stay in tune with the market. (The same applies to Ethereum)
From the hourly perspective, the price hovers around the middle band of the Bollinger Bands, with a low likelihood of breaking out. The middle band has strong resistance, and the three bands of the Bollinger Bands are gradually forming a parallel line pattern, indicating that the range-bound movement will likely continue for some time. Following the old Zhuo strategy, where the trend is king and we act according to it, is advisable. In the afternoon layout, we can adopt a high sell low buy strategy for short-term trades, just be mindful of defense. (The same applies to Ethereum)
Bitcoin short near 105000 Target 106500
Ethereum short near 2520 Target 2600
