$BTC 1.8 Today's market analysis and trading suggestions, at midnight, the market did not continue the expected bearish downward trend, but temporarily shifted to a range-bound fluctuation, thereby stabilizing its footing. During this period, the price fluctuations no longer exhibited a clear one-sided downward trend, but rather oscillated within a certain price range, leading the market into a relatively stable oscillation phase. The trend of Yitai is similar; it also did not continue the previous bearish dominant downward trend, and has temporarily entered a range-bound situation, with prices fluctuating back and forth within a certain range, momentarily halting the decline.

In the current market situation, the price is tightly fluctuating between the upper and middle bands of the daily level, presenting a clear range-bound oscillation state. In this state, the price fluctuations are extremely frequent. The day before yesterday, the market was in a short squeeze mode, while today it has turned to a long squeeze, continuously clearing the chips in the market, round after round. If, in the short term, the price cannot effectively break below the key area of 96500 at the daily middle band, then from a high probability perspective, the market will still likely experience a rebound. However, given the current situation, the short-term price is being suppressed by the upper band and is undergoing a pullback process, maintaining a bullish outlook after the pullback.

Bitcoin: Bullish near 96500, short-term target 98500

Ethereum: Bullish near 3350, short-term target 3500