Cautiousness during a sideways market is far more critical than blind action. After experiencing a significant decline yesterday, the market quickly entered a consolidation phase. As of now, the market shows an extremely narrow fluctuation pattern, and the effective operational space has significantly narrowed. Yang Jie captured the downward trend in real trading yesterday and promptly closed positions while attempting short-term layouts. As volatility continues to weaken and momentum gradually diminishes, to avoid operational risks from ineffective fluctuations, trading has currently been halted, turning to a wait-and-see approach, awaiting the emergence of the next clear signal.
From the current market observation, the four-hour level shows a gradual upward structure of small bullish candles; however, price fluctuations remain constrained within a narrow channel. Essentially, this is still a technical repair and pullback after the previous decline, and a strong unilateral momentum with continuity has yet to form. The Bollinger Bands still maintain a downward opening state, and the price continues to operate between the middle band and the lower band, constrained by channel pressure, failing to achieve effective breakthroughs, and also lacking volume support. The overall market remains in a weak pattern, with the one-hour level continuing a narrow consolidation shape. The rhythm between long and short positions is calm, with no clear directional guidance signals appearing. Combined with liquidity characteristics analysis, weekend market trading is usually thin, and activity declines. It is expected that the short-term market will likely continue to oscillate and consolidate, making effective breakthroughs difficult. In terms of operations, it is recommended to adhere to the principle of prioritizing signals and acting in accordance with the trend, temporarily avoiding ineffective trades within narrow fluctuations, and waiting for clear operational space to enter the market at an opportune moment.
Bitcoin: Long positions around 90000, target focus around 91500
Ethereum: Long positions in the range of 3030-3060, target focus around 3150
