Midnight Silk Road Step Chrysanthemum

The Bitcoin price has been fluctuating within the range of 97,000-95,000, with no continuation observed for the upward trend. Currently, the market is in a consolidation phase, switching back and forth without a clear one-sided trend. After the price touched 97,000 in the evening, it faced resistance in the upward movement, peaking and then retreating back to around 95,500. The recent market conditions are clearer, and partners trading should maintain good defenses.

From a technical structure perspective, as the price effectively breaks the constraints of the middle track, the Bollinger Bands show a flattening trend, indicating that the market has not yet formed a clear directional trend signal. On the Step Chrysanthemum, we continue to observe the fluctuation pattern, which likely contains upward potential, with recent highs being tested continuously, demonstrating a certain intention to break out. From a short-term hourly perspective, although there is a clear convergence situation, the fluctuation has not ended, and the lower shadow line is relatively perfect in shape, indicating a relatively incomplete reduction pattern. Therefore, the market will likely move towards a downward fluctuation; hence, do not fear heights or chase high prices, but instead act in accordance with the trend, and remember not to be greedy.

For Bitcoin, buy in batches near 96,500-97,000, targeting around 93,800.

For Ethereum, buy in batches near 3,845-3,880, targeting around 3,600.