In the current market, the oscillation range still exists, and the pressure faced from above remains quite strong.

The long position clearly indicated in the morning has been successfully seized, but as the price of the coin rises, the overall market has entered a consolidation phase. During the afternoon, as the coin price rises, it shows a trend of moving forward and looking back, and the upward momentum is not strong. Without further ado, let's directly look at the operational ideas.

The afternoon market has not shown any significant increase in volume, but continues to undergo narrow oscillation for correction. From the daily chart perspective, the daytime market is in a contraction and consolidation state, and the daily line has entered a stage of dull oscillation, making it difficult to break out of a strong one-sided market during the daytime. We still need to wait for a breakout to open up the range and clarify the trend direction.

Looking at the four-hour chart, after the price of the coin peaked and fell yesterday, the market has once again fallen into a slump, failing to effectively break through the middle track of the Bollinger Bands. The Bollinger Bands show a flat state, and since the price has not broken through the middle track, this correction trend is likely to continue, and the oscillation range will still exist.

From the short-term 15-minute chart, after the market retraced, the coin price continued to rise, with the upper pressure level still maintained. However, the lows are gradually rising. Although a short-term upward trend line has been formed, given the performance of the larger timeframe is relatively flat, our operational idea for the afternoon can be to treat it as a rebound to short.

Here are the operational strategy recommendations for Bitcoin and Ethereum in the afternoon:

Bitcoin: When the price rebounds to the range of 96400 - 96700, consider shorting, targeting around 95000.

Ethereum: If the price rebounds to the range of 3680 - 3710, a short operation can be conducted, targeting around 3600.

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