The cryptocurrency market changes rapidly; only by adhering to knowledge and navigating through fluctuations can one grasp trends and achieve wealth returns.
Last midnight, Bitcoin stabilized and rebounded after falling to a low of 90115, reaching a high of 91209 before facing pressure again; Ethereum also rebounded from a low of 3009, rising to a high of 3059 before the upward trend stalled, and fell back to around 3018 in the morning.
From the current market structure:
· The daily chart shows a 'two-up, one-down' oscillating upward pattern, with prices gradually approaching the middle track of the Bollinger Bands, but constrained by technical selling pressure near the middle track, making it difficult for bulls to form an effective breakthrough;
· The four-hour chart shows a double-down pullback after two consecutive days of bullish candles, with the candlestick pattern indicating both upper and lower shadows, suggesting the current market is in a 'resistance above, support below' oscillating state;
· Affected by the U.S. stock market closure and weakened weekend liquidity, overall volatility has narrowed, with both bulls and bears in a stalemate.
Although the overall structure still leans towards a strong oscillation, it is expected to be difficult to break the current consolidation range in the short term. Morning operations are suggested to revolve around key support and resistance, with a high short, low long strategy for range trading.
Bitcoin: Long positions in the 90000-90500 range, target focus on 92000
Ethereum: Long positions near 3000, target focus on 3100
