The Bitcoin market has recently shown a tug-of-war pattern between bulls and bears, with the daily level continuously forming bearish K-line cross star patterns, and prices fluctuating within the narrow range of 94,000 to 99,000. The current market is in a critical directional choice window, with significant characteristics of a tug of war between technical and funding aspects.

The weekly level shows a bearish engulfing pattern with oscillation signals, and the market has exhibited a divergence between volume and price for three consecutive weeks. The decrease in capital participation and the narrowing of price fluctuations are resonating, indicating that the market is still in a correction cycle when combined with the bearish candles of the previous two weeks. The daily level shows a typical converging triangle pattern.

Strategy adjustment notice: The long position established at 96,600 on Saturday touched 97,300 but failed to form an effective breakout due to insufficient volume. If this area is tested again during the day, consider closing the position and promptly executing the latest strategy switch.

Long position capture: A long position can be established when the price retraces near 95,300. During the news vacuum period, long positions should primarily focus on short-term trades, and since the US stock market is closed tonight, the oscillation pattern remains intact, with a target of 96,600 to 97,300.

Short position layout: Pay attention to the 97,600 resistance level during the day. If there is a rebound and it faces resistance, consider laying out a short position, with the first target at 96,600 and the second target at the 95,300 support zone.