On Saturday, the Bitcoin market slightly rebounded in the morning after dipping to the 96600 line at midnight yesterday, reaching around 97900 before falling again. Subsequently, Bitcoin has been oscillating in the 97000-98000 range, with overall volatility being low. There isn't much room for operations, and it can mainly be based on ultra-short-term point trading. There are not many positions taken in the ten-point layout, with both long and short participants, but the space taken is relatively small.
From the current trend, the possibility of a breakout in the short term is low. Bitcoin has consistently oscillated within the upper and lower bands on the daily chart. Although the overall price range has slightly moved upward, it has not managed to break out and stabilize, with the mid-band at 98500 still presenting some pressure. On the 4-hour chart, the overall shape is gradually leaning towards bullish. It has stabilized above the BOLL mid-band during the day, and the auxiliary indicators show signs of flattening. The rebound strength in the short term is expected to be limited, with short-term pressure concentrated in the 98000-98500 area and support in the 96000-96500 area. Midnight will focus on the pressure level breakthrough and stabilization. If the rebound does not break, a short position can be attempted, and a retest of support can be re-entered. For the short term, continue to focus on high selling and low buying within the range!
Regarding Ethereum, in the short term, focus on the 2760-2800 area, with support below at the 2600 line. In the short term, synchronize with Bitcoin for point trading within the oscillation range.
During the weekend, the market fluctuations are small, and relatively speaking, there is not much room for operations, so the focus can only be on accumulating ultra-short-term positions. If points are not well managed, there can be a drop at any time. The weekend is always open, always here!