After experiencing a weekend of volatile consolidation, Bitcoin continues to show narrow fluctuations in the early trading session today, with the current price hovering around 93,800 USD. Looking back at the entire weekend, the market's volatility was limited, and the price range perfectly matched the previously anticipated consolidation trend.
On the daily chart, after two days of consolidation, the price saw a pullback this morning but rebounded after touching the 92,700 level. Although a support level has formed near the seven-day moving average, the overall lower boundary has not been broken. If the price cannot break through the 95,000 level and set a new high, there remains a risk of a pullback. On the short-term 4-hour chart, a long candlestick with upper and lower shadows has formed, indicating intense market competition between bulls and bears. Overall, the current price is still within a range, and given that it is at the upper boundary of the rebound and consolidation zone, it may be wise to short once in the concentrated pressure area, and go long again if the support does not break on a pullback!
On Monday afternoon, short Bitcoin in the 94,500-95,000 area, placing stop-loss above the previous high of 95,700, while paying attention to the 92,000-92,500 area below! As for Ethereum, similarly short in the 1,800-1,830 area, and monitor the 1,730-1,750 area below, reassessing for a long position afterward!
