$BTC There is no success that is taken for granted, nor is there mediocrity that is without reason. Things worth having never come easily. So when you are wandering and confused, do not doubt your efforts; these accumulations will eventually become a foundation, silently paving the way for you. Today's midday market continues the trend of fluctuating upward, but the overall volatility has narrowed, and the upward momentum seems slightly restrained. Since midnight, Bitcoin has fluctuated only around 1500 points, and the bulls are facing increasing resistance in the process of pushing forward, with the current coin price oscillating around 114500. Ethereum is also showing a slow upward rhythm this midday, reaching a daily high of around 3575 before encountering pressure and falling back. As of now, the coin price is consolidating around 3550.
From a technical structure perspective, the Bollinger Bands on the four-hour chart are diverging downward, and the current coin price has effectively stabilized above the lower band, entering a phase of oscillation and correction. Although there are signs of rebound in the pattern, the strength is weak, as recent K-lines have all closed with long upper shadows, indicating significant selling pressure above. Overall, the trend remains in a weak downward trajectory. In this weak structure, if the market shows a slight rebound, it can be seen as a shorting opportunity, allowing for a follow-up. Regarding intraday operations on Monday, Lao Chen suggests taking advantage of the continuation of the bearish trend.
Bitcoin: Short around 115000 Target 113000
Ethereum: Short around 3580 Target 3480
