In the BTC 1h channel, both upward and downward momentum of the price are weakening, and the price is unable to reach the upper orange line or the lower blue average support zone, indicating that a converging oscillation market is in progress;

The 1h level channel has started to slightly decline, which forces us to maintain a bearish outlook on the oscillation...

In the short term:

1. If the price continues to test downward on Friday, the target will be in the blue average support zone, which is between 102.5k and 101.5k;

2. If the price chooses to test upward and successfully breaks through the middle line, the target will reach the upper yellow line of the oscillation channel, which is around 107k;

The current small-level market completely cannot provide a subjective directional view because on the futures side, both long and short liquidity are continuously accumulating. Trading long or short in this range is like flipping a coin; it’s a gamble~

There is no probabilistic advantage in the data, so I have not made a single trade so far...