From a technical structure perspective, it is basically at a stage where it wants to break but hasn't yet. The 100,000 mark doesn't pose much of a problem, although the tug-of-war is quite intense. However, it has been in a high-level sideways trend; momentum is present, structure is established, and the formation is also in place. Breaking the high is basically just a matter of time. However, short-term consolidation still requires time, and within a small cycle, it continues to oscillate around the upper and lower bands. Following this rhythm to chase longs can easily lead to losses. From a cyclical perspective, old Peng believes the probability of an upward breakthrough remains relatively high, so it is still advisable to maintain low long positions and watch for breakout levels.

Trading Suggestions

On Saturday evening, Bitcoin can be bought directly at 97,500-98,000, with a target focusing on 100,000.

Ethereum can be bought directly around 3,300-3,320, with a target focusing on 3,450.