From the current market observation, Bitcoin continues the narrow oscillation trend from Friday night, with a short-term resistance forming in the range of 117200 - 117500, and support at 115800 - 116000. Throughout the day, multiple attempts to test high and low points have not achieved effective breakthroughs. The Bollinger Bands are showing a convergence and flattening state, indicating that the short-term tug-of-war between bulls and bears is gradually becoming tense. The MACD indicator is flattening near the zero axis, with red and green columns alternating and shortening. In the absence of momentum, it is highly likely that a range oscillation pattern will be maintained.

Overall, Bitcoin is consolidating and waiting for a breakthrough during the early morning hours, while Ethereum is mainly in strong consolidation. In terms of operation, it is recommended to trade Bitcoin around the range with high selling and low buying, while Ethereum should rely on support levels to seize opportunities for long positions after a pullback, while also being wary of sudden changes in volume that may trigger directional choices.

Bitcoin trading advice:

Consider going long near 115800-116500, targeting around 117500-118000. If it breaks through, it can continue to look upward; if it does not break, consider trying a reversal.