The cryptocurrency market has never lacked opportunities; what it lacks is the rational awareness to maintain composure through cycles—sometimes, the difficulty of holding onto assets is far greater than frequent trading. Bitcoin surged to 93143 early this morning before encountering resistance and falling back, then retraced to the early morning low of 90834, gaining support and gradually recovering. Currently, the price is showing a narrow range of fluctuations, with both bullish and bearish forces temporarily in a stalemate. Ethereum also faced pressure around 3223 early in the morning, then retraced to stabilize around 3064, currently maintaining a narrow range of consolidation.

From a daily perspective, the price is currently operating above the middle band of the Bollinger Bands, but is continuously constrained by the upper band pressure, failing to achieve an effective breakout. The overall Bollinger Bands channel is showing a narrowing trend, which usually indicates a decrease in market volatility, and both bullish and bearish forces are entering a stalemate. Due to the clear resistance from the upper band and the narrowing bandwidth, it indicates that the short-term resistance above is solid, and the momentum for further bullish attacks is weakening, making upward breakthroughs more difficult. Looking at the four-hour level, the price has shown a downward fluctuation structure, with gradually decreasing highs and lows indicating that the bears are taking the dominant rhythm. The KDJ lines have clearly turned downward and continue to diverge, further confirming the signal of a weakening short-term trend. These indicators resonate, indicating that the market is unlikely to break through the upper resistance in the short term, with bullish strength clearly insufficient, and the technical aspect has begun to shift from bullish to bearish.

Operational suggestions:

Bitcoin: short around 92400-92800

Target: around 91000

Ethereum: short around 3160-3180

Target: around 3050 #比特币VS代币化黄金 $BTC