Originally, Yicheng expected a weekend of oscillating upward movement, but it ended up being a consolidation phase. However, the impact is not significant; the market consolidated for an entire day. Looking at altcoins, during the consolidation period of Bitcoin and Ethereum, there was a good round of consolidation.

The market space 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 bearish; not only were there false breaks, but a prolonged downward trend was maintained. However, looking at the trading volume and changes over different time frames, it’s clear that the main force is shifting positions, re-establishing their strategy. Those who lacked patience have been shaken out, but for those holding positions steadily, 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, indicating that the operators behind it are very ruthless. The open interest was constantly increasing over the hour, but the contracts that were liquidated were long positions, indicating that the market was too heavy. Currently, both Bitcoin and Ethereum are still optimistic about the market outlook. As mentioned yesterday, Bitcoin's mid-to-long-term target is 104000, and Ethereum's is 4200, which will take time.

In the short term, maintain low buying and enter in batches, planning your positions and stop losses.

The Bitcoin target is initially set at 101700.

The Ethereum target is initially set at the old target of 4050-4080.