The market always seems to have some unexpected tricks up its sleeve. The market has shown weakness again, and I remind everyone that it may dip down to around 100,000. The points have basically been given; just now, Bitcoin and Ethereum prices are testing the 99,000 level again. The market always defies the norm. Currently, it seems the pullback is not over yet, so it's best to wait until the 99,000 level stabilizes before entering to buy!
From a technical perspective, there isn't much to analyze. It is clear that the bears are having a feast. Currently, the overall high points still reflect previous low points. With the increase in pullback space, it is overall in a bear market. The suggestion now is to wait for stability and recovery before taking action, operating in batches at key points. From a four-hour perspective, there is currently no momentum for another upward push. Continuous back-and-forth consolidation is building up energy, and with the overhead pressure continually moving downwards, the strategy should focus on short-term positions, waiting for a breakout to release unilateral momentum!
Bitcoin is hovering around 10.5-10.0, with an expected target of 102,000. Ethereum is hovering around 3650-3620, with an expected target of 3750.