$BTC $ETH Today's early trading shows a range-bound consolidation pattern, with prices fluctuating within a narrow range of 93600 to 94000, where both bulls and bears are caught in a brief stalemate. As market sentiment gradually warms up, the buying force begins to exert itself, pushing prices steadily upward, successfully breaking through the key resistance level of 94000, and briefly stabilizing around 94500, indicating some upward momentum. In the afternoon, market sentiment further surged, continuing the upward trend, briefly reaching the 95000 mark. However, due to heavy selling pressure above, the bulls failed to form effective support, causing prices to quickly retreat and return to the vicinity of 94000 for consolidation. In the evening, the bulls displayed strong performance again, recovering to near the 95000 level. Overall, throughout the day, the market exhibited a broad range of fluctuations, with both bulls and bears evenly matched, and no significant one-sided trend emerged. The low point of Bitcoin continued to rise throughout the day. Our trading strategy today remains focused on the range-bound outlook, with two positions laid out for Bitcoin, totaling a profit of 2134 points. Ethereum achieved a total profit of 83 points. How good is the market for trading? It depends on our day-to-day strategy; those who understand will know.

From the current 4-hour perspective, the market is still in a consolidation range, with the Bollinger Bands not having broken through. The upper high remains in a prolonged phase of resistance, and the current candlestick has once again reached the upper band, facing pressure, while indicators show a death cross and divergence, both indicating that the market will experience some pullback. Additionally, looking at the 1-hour chart, although there has been some upward trend during the day, the highs are still in a downtrend, forming a triangular range at the end of the arm for the bulls and bears to battle. Coupled with the time lag and divergence in the 4-hour indicators, along with resistance after hitting the upper Bollinger Band, the market after midnight is expected to experience some pullback. Therefore, we may maintain a bearish outlook for operations, continuing to look for lows around 93500.

Bitcoin can be shorted at 95500, with targets at 93500 and 92700. Ethereum can be shorted at 1830, with a target around 1760.

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