This afternoon I just said that unless there is good news, if the pension approval for buying Bitcoin comes in the evening, those with heavy positions in imitation can reduce their positions at the middle band of the Bollinger Bands. For now, let's see if the Bitcoin middle band of the Bollinger Bands can break through; if it breaks through, continue to reduce positions at the upper band, and if it cannot break through, the rebound may end. Let's let the good news fly for a day and observe!

Recently, the market hasn't had much volatility to trade, let's do a simple analysis. Since the bottom at 3, Bitcoin's rebound during this period doesn't show strength; it also doesn't have strong volume at the bottom, and it's a shrinking rebound, so it hasn't even reached 106,000. Overall, it is still in a daily downtrend channel, continuing to move in its current weak consolidation state, likely just a downward continuation, and 112,000 cannot be held. If the bulls and bears are temporarily balanced here, then it will need to exchange time for space. From the convergence triangle of the yellow upward trend line and the blue downward channel, the latest it can grind until the 17th before a change occurs. Recently, pay attention to the lows and highs that are being formed to judge the next market movements.

Ethereum has been standing out, and it has once again broken through the original upward channel. Here we see if Ethereum can stabilize at the midline of the daily Bollinger Bands to maintain its strength.

Other mainstream altcoins, like Bitcoin, are in a daily downtrend and do not follow Ethereum, which is the most obvious difference on the board. Pepe, as predicted by Sister Bei, is temporarily barely stable at the lower edge of the convergence triangle, and if it breaks down, it is precarious. Without strong volume to stop the decline, Sister Bei does not plan to enter the market and will continue to observe. Sui shows signs of stabilizing, but similarly, the rebound is weak and is attempting to change the slope of the downward channel, so it mainly fluctuates sideways. The ideal short-term entry positions are 3.1 and 2.85.

Overall, the fourth wave adjustment is ongoing; observe more and act less. There are no significant positive or negative changes on the board, and the fluctuating situation will gradually become clearer by the end of the month. Play some contract oscillation trades, making some high sell low buy to pass the time.
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