High-level consolidation, bulls slow down, waiting for a waterfall! 1.6 Bitcoin operation strategy

You can short on Saturday and Sunday to capture two waves, Bitcoin gained over 1000 points, and Ethereum also gained nearly a hundred points! In the high-level consolidation market, the price has not effectively broken below 97000, nor has it continued to surge! The market is not extending!

From a technical perspective, Bitcoin has had six consecutive daily gains, and the weekend saw two consecutive doji candlesticks. This morning, the closing price had a slightly long real body and a long lower shadow. The Bollinger Bands are severely constricted, the KDJ's J-line is slowing down at a high level, and the MACD has initially formed a golden cross upward. Volume is starting to show but has not expanded; the daily trend looks bullish, but there is a need for a pullback to correct!

Looking at the four-hour chart, the three Bollinger Bands are moving upwards, and the price is operating between the upper bands. The MACD has once again formed a golden cross, and the KDJ has formed a death cross downward at a high level, indicating a struggle between bulls and bears!

Overall, there is a significant demand for a bearish pullback, so for intraday operations, Conan suggests mainly shorting on rebounds! Key resistance levels to watch are 98800, 99500, and the 100000 mark, while support levels to watch are 97000, 96000, 95000, and 94000.

1.6 Bitcoin operation strategy: Aggressive traders can enter short at the current price of 98600, while conservative traders can enter at 99000-99500, with a stop loss above 100000 (adjust according to your own position). The target is to look at around 97500-97000-96500-96000, and if it breaks, hold based on the situation!

Long strategy: Attempt to go long around 95000, with a stop loss around 500 points, targeting around 95500-96000-96500, and if it breaks, look at around 97000.

1.6 Ethereum operation strategy: Aggressive traders can enter short near the current price of 3650, while conservative traders can enter around 3700-3730, with a stop loss above 3760, targeting around 3600-3550, and if it breaks, look at 3500-3450-3400.

Long strategy: Attempt to go long around 3500, with a stop loss of 30 points, targeting around 3550-3600-3630.

High-level consolidation without further upward movement indicates that bullish momentum is starting to slow down. The spot ETF market has not seen much fund inflow, so I am more optimistic about a pullback driven by selling pressure. Everyone should be cautious about chasing longs! #比特币走势观察 #加密市场反弹