In the current phase of sideways adjustment, the market shows a relatively stable trend. The closure of the U.S. stock market and the temporary easing of fundamental factors have led to a brief period of consolidation. Moving forward, the evolution of geopolitical conflicts has become a key focus.

From a technical perspective, the daily chart has formed a doji candlestick without any unexpected occurrences, and the intraday market has entered a sideways phase, with the current fluctuation range being relatively limited.

During the sideways adjustment period, some smaller technical indicators have shown severe sluggishness. After adjustments and corrections of the technical indicators, the market can provide certain directional guidance in a short time, but it has not shown deeper continuity; instead, there is a trend of narrowing ranges. In such a market environment, it actually presents a good opportunity for entry. It is worth noting that after a significant drop, the market has shown a strong willingness for upward recovery. However, once unexpected negative news arises, the market may quickly plunge again.

In the short term, Bitcoin and Ethereum can refer to the highs and lows of the previous day for high selling and low buying operations. Investors should remain on the sidelines and wait for opportunities for breakthroughs to come!