【Cryptocurrency Market Analysis】Bitcoin Aunt's High-Level Fluctuation Intensifies, Bull-Bear Contest Shows Trend Change Signals
The overnight cryptocurrency market exhibited significant volatility, with Bitcoin (BTC) price once surging to $104,950, and then quickly retracing under the pressure of resistance above, currently maintaining a fluctuating consolidation in the $103,800 region. Both bulls and bears are fiercely contesting around the $104,000 mark; Ethereum (ETH) mirrored the high-to-low trend, briefly touching $2,738 before quickly retreating, currently trading around $2,690, with a short-term support range forming around $2,680.
On the technical side, the daily level maintains a high-level fluctuation structure, with prices running near the upper Bollinger Bands for several days, but the 4-hour level has shown signs of fatigue: the MACD indicator presents a consolidation pattern below the zero line, and the red histogram's momentum continues to decay, indicating that the rebound driving force is gradually weakening; the Bollinger Bands are tightening, and the price fluctuation range has narrowed to the upper-middle band area, suggesting a cautious trading environment, with declining volume hinting at a potential directional choice in the short term.
The suggested trading strategy focuses on buying low and selling high, seizing swing opportunities within the fluctuation range:
In the morning, it is advisable to consider lightly entering long positions when the price retraces to $103,500-$103,800 (Bitcoin) or $2,680-$2,690 (Ethereum), with targets looking up at $104,500-$104,800 and $2,730, respectively, and stop-loss references below $103,000 (Bitcoin) and $2,650 (Ethereum).
Risk Warning: The current market is in a high-volatility range, and strict position control is required (suggested single position ≤ 2%), with stop-loss space references of $300-$500 for Bitcoin and $20-$30 for Ethereum, and closely monitoring the impact of macro data on market sentiment during the evening US trading session to guard against sudden breakout situations.
