Originally, Yicheng planned to see fluctuations rising over the weekend, but it ended up being a consolidation. However, the impact is not significant; the market has been consolidating all day. Looking at altcoins, during the consolidation period of Bitcoin and Ethereum, a proper round of consolidation has occurred.

The space for the market has opened up again. If everyone has been watching the market today, they should have noticed that for a long period, the indicators were all empty, not only showing false breakdowns but also maintaining a prolonged downtrend. However, looking at the trading volume and changes over different time periods, it is obvious that the main force is shifting positions, re-establishing positions. Those who lack patience have been shaken out, so everyone should hold their positions steady; patience will lead to greater opportunities.

Speaking of altcoins, I was optimistic about SOL and XRP yesterday. XRP performed exceptionally well, and SOL was also impressive, but the signs of consolidation were too strong, and the operators behind it were quite ruthless. The holding volume increased continuously for an hour, but it was the long positions that got liquidated, indicating that the market was too heavy. Currently, both Bitcoin and Ethereum are still looking optimistic for the future. The long-term targets mentioned yesterday for Bitcoin are 104,000 and for Ethereum are 4,200, which require time.

In the short term, maintain a strategy of low entry, entering in batches, and plan your position stop-loss

The target for Bitcoin should first be set at 101,700

The target for Ethereum should first be set at the old target of 4,050-4,080.