Bitcoin maintained a narrow range of fluctuations yesterday, with the morning's biggest wave reaching a peak of 99950 before retreating under pressure. Due to the news of the U.S. stock market being closed, the market contracted and consolidated, leading to a doji candle on the daily chart. Currently, the price continues to hover around the mid-line for correction, waiting for a breakout to establish a direction. The 4-hour chart for Bitcoin shows the Bollinger Bands slightly opening, and it oscillated between the upper and lower bands yesterday, consistent with the fluctuation range provided the day before. Although the short-term trend is under slight pressure and entering consolidation, the key remains to observe the breakout situation at the 100,000 mark. In the short term, we continue to see wide fluctuations between 97000-99500, and for intraday trading, maintain a strategy of high shorts and low longs within the range. Follow the trend after a breakout; we are still in a strong bullish position, and for swing trading, we can consider entering long positions at lower levels. High short position at level 1.
Ethereum has been oscillating mainly within the 3450-3490 range, with limited movement. The market remains in a slow consolidation phase, and the 4-hour level shows strong potential for breaking highs. After continuous back-and-forth consolidations, the lows have gradually risen, establishing solid support through multiple bottom formations, and once again displaying a strong upward momentum. The overall trend is operating close to the upper band, and the current volatility remains low, still in a brewing phase, with expectations for a pullback gradually decreasing, coupled with rising support below, making it likely for the price to test upwards. Today, maintain a strategy of buying on dips to follow up.
BTC Trading Suggestions
99600 short 100500 add to short Stop loss 500 points Target 95500
Ethereum Trading Suggestions
3485 short 3545 add to short Stop loss 30 points Target 3320
