Remember, in the cryptocurrency space, temporary gains and losses do not determine your future. Those who achieve success in this space have not necessarily never experienced failure, but they understand how to draw lessons from failures and forge ahead through setbacks. They are not swayed by short-term market fluctuations, but instead focus on long-term development. Looking back at the evening's market trends, Bitcoin has basically been oscillating between 117000 and 117800, with no significant movements. Unlike before, where there were occasional clear ups and downs, tonight it feels more like a tug-of-war within a small range, with visible narrowing of volatility space, giving the whole market a sense of 'holding back'. The daily winning layout for Bitcoin yielded over 806 points! Ethereum's synchronous layout also gained over 67 points!
From the current technical analysis of the market, the 4-hour level candlestick shows a typical oscillating repair pattern, and the market is undergoing a process of recharging bullish and bearish forces. Due to the significant shrinkage of trading volume over the weekend, the volatility space of the market has been compressed into a narrow range. This sideways consolidation has persisted for nearly 24 hours, forming a standard rectangular consolidation pattern. During the early morning period, we will continue to maintain a rebound bearish strategy, and the market's real directional choice still needs to wait for the performance after next week's opening.
Operational Suggestions:
Bitcoin: Short around 118000, target 116500
Ethereum: Short around 4440, target 4300
