Horizontal restraint is far more important than blind action during the consolidation phase. Yesterday, the market experienced a significant downturn and quickly entered a horizontal consolidation stage. As of now, the fluctuation range of Bitcoin is only about a hundred points, while the volatility of Ethereum has even narrowed to around 10 points. The market is exhibiting extremely narrow oscillation characteristics, and the effective operating space has been severely compressed. Jinlin’s actual market last night captured the downward space and decisively exited to layout short positions. As the volatility continues to narrow and gradually weaken, to avoid the risks brought by ineffective fluctuations, a pause was chosen to adopt a wait-and-see attitude for the next clear opportunity.

From the current market perspective, in the four-hour timeframe, the price action shows a fragmented upward stair-step characteristic, but the fluctuation range has always been compressed within a narrow channel. Essentially, it is a technical rebound after the previous downward trend, and it has not yet possessed the strong unilateral driving momentum for continuation. The Bollinger Bands maintain a downward diverging arrangement, with the price continuously under pressure in the mid-lower track range without breaking through the track's constraints to form a substantial trend reversal confirmation, and it lacks synchronized volume support. The overall weak market structure has not shown fundamental improvement. In the one-hour timeframe, the market maintains a narrow consolidation state, with a calm rhythm, and there are currently no clear directional guidance signals. From the perspective of liquidity patterns, the weekend market usually shows a feature of light trading, with lower activity levels. It is expected that in the short term, the current oscillation consolidation pattern will likely continue, making it difficult to have a breakthrough market performance. In terms of operations, the core principle is to follow signal priority and act in accordance with the trend, temporarily avoiding ineffective operations in narrow fluctuations, and only entering the market again when there is operational space.

Saturday morning thought: Bitcoin around 90000, target looking at around 91000.

Saturday morning thought: Ethereum around 3060, target looking at around 3150.$BTC $ETH