The recent market struggle between bulls and bears has reached a stalemate. The price of Bitcoin has continued to fluctuate within a narrow range in the lower band of the Bollinger Bands, exhibiting typical characteristics of consolidation and accumulation. From a technical analysis perspective, bearish forces still dominate the current pattern, with 95500 serving as a key resistance level on the weekly chart. The conversion of bullish and bearish momentum within this range will become an important indicator for the evolution of the market.

From the overall market structure, it is not difficult to see that if Bitcoin can achieve an effective breakout above the 95500 level and form a stable closing pattern on the weekly chart, this could very likely signify the end of the C-wave downward structure, thereby opening the door to a trend reversal. Conversely, if a breakout cannot be achieved, the market may continue its current weak range-bound fluctuations. It is worth noting that the current price is precisely at the intersection of multiple moving averages, a technical feature that often accompanies a significant possibility of a trend change.

Considering the current market situation, we have set 95500 and ETH's 1830 as dual resistance levels. When the price rebounds to the resistance zone, we recommend adopting a high short strategy.

Bitcoin 95000-95500 Short Target 92800

ETH 1790-1820 Short Target 1700$BTC #美联储FOMC会议 $ETH #美国众议院市场结构讨论草案