Similar to Bitcoin, the focus is still on the high altitude. The convergence triangle in structure is moving a bit slower than Ethereum. The market for Bitcoin has been quite dull these past couple of days, with fluctuations of only around 1%, even less than Ethereum. If it can't break through the upper boundary and the lower boundary doesn't fall, then the coin price will continue to oscillate within the pattern until it reaches the endpoint before making a direction.

There is strong selling pressure at 110,000 in the spot market, and the entity is closing above the MA30, but the MA30 has already become weak and is starting to turn downwards. This is not a very good signal; the MACD is gradually converging, and the trading volume is still insufficient. Currently, the price is high and the volume is low, with the coin price being dominated by institutions.

In the evening, pay attention to the Federal Reserve's monetary meeting in the early morning. Bears should focus on the rebound above the 110,200-110,500 range, defending 110,200, with a target of 2,000-4,000 $BTC