The structure of the small-level highs and lows of BTC synchronized rising was broken during last night's live broadcast...

Now the market has completely entered a range-bound state. Since the price is still above the mid-line of the 4-hour chart, the trend structure still leans towards a bullish sentiment.

In the short term, this narrow range is likely to break out this week, as its oscillation time has already exceeded any period of oscillation in the past two months...

This gives us a trading opportunity for a breakout with an increasing win rate.

In the small range of 106k~109k, the longer the oscillation lasts, the more likely it is to be a genuine breakout when it finally occurs.

Regarding whether it is bullish or bearish? My personal expectation is as follows:

Firstly, the current price is still oscillating above the mid-line. As time passes, the mid-line is likely to rise slowly, giving the price a chance to retest the mid-line...

If this were last week, the retest of the mid-line would have undoubtedly led to a significant price pullback to 105k. However, through this oscillation pattern of sideways movement instead of falling, the mid-line will gradually rise by itself until it completes a standard retest confirmation.

Therefore, at this current stage, the ongoing oscillation is actually beneficial for the bulls. It feels like the bulls have surrounded the bears' fortress, but they are at the gates and have not launched a full-scale assault.

On the contrary, the bulls choose to surround without attacking, using time to wear down the bears...

On the other side, although the bears are currently surrounded, they still have enough strength to fend off several small-scale attacks from the bulls. The urgent task is to find a way to break out early and counterattack!

According to common movie plots, a besieged city generally has two outcomes:

1. Supplies run out, surrendering and being slaughtered...

2. Holding on until reinforcements arrive and launching a full counterattack!

For the bulls, as long as they maintain the support of the small range, time will help push the price up. For the bears, reinforcements are urgently needed, which means a sufficiently impactful bearish news!

Bearish news is not common, and we cannot anticipate it, so as long as the global situation remains relatively stable, we can still maintain an optimistic attitude.