The market is experiencing a tempering of mentality; only those who persevere can seize opportunities. The current pattern presents a typical narrow consolidation trend, with the directional trend not yet clear. Bitcoin continues to hover between 88100 and 88434 points, with a daily fluctuation of less than 300 points. Ethereum is also oscillating between 2973 and 2984 points, with fluctuations of less than 10 points. Both bulls and bears are in a stalemate, and the market is in a phase of accumulation, waiting for a breakthrough signal to arrive.
From a technical perspective, the 4-hour level has entered a phase of convergence consolidation. The Bollinger Bands maintain an upward opening shape, with prices consistently running in the upper-middle band area, but the volume has not effectively followed, resulting in the market not showing clear directional guidance signals. The 1-hour level presents a typical pattern of alternating small declines and small increases. The Bollinger Bands channel continues to narrow, creating a temporary weak balance of forces between bulls and bears. The current market is completing energy accumulation by exchanging time for space, preparing for subsequent trend breakthroughs. During this consolidation phase, it is advised to maintain a wait-and-see attitude and patience. In the morning, Yang Jie suggested that everyone should focus primarily on a low-long strategy.
Bitcoin: Layout long positions in the 87500-88000 range, target at 89500.
Ethereum: Layout long positions in the 2930-2960 range, target at 3050.
