Entering the weekend, the bitcoin market continued to maintain a narrow range, and the overall trading activity was not high. Although the price tried to break out to the upside yesterday, it quickly retreated after encountering resistance and returned to the oscillating range. It is worth noting that the lower support level is strong, which effectively prevents the price from falling further. The current market fear index has risen to 60, reflecting a cautious shift in investor sentiment, but the price of bitcoin has remained relatively stable, without significant fluctuations, and continues to remain sideways. The reason for this is that the natural decline in market liquidity during the weekend, coupled with the fact that some potential adverse factors have not yet been clarified, led to a wait-and-see attitude on both sides of the long and short sides, and the market trading has fallen into a stalemate.

In terms of Ethereum, there is also a lack of upward momentum for a breakout. When it approached the resistance level around $2550 in the afternoon, it was immediately impacted by selling pressure and fell back, overall maintaining a downward fluctuation trend. From a short-term trading perspective, $2550 has become the dividing line between bullish and bearish forces. Until the price can firmly stabilize above this level, the bearish dominance is unlikely to change, and it is recommended that investors maintain a cautious bearish outlook.

Intraday trading suggestions:
Bitcoin: Consider shorting in the range of 106000-106500, with a short-term target focusing on 105000
Ethereum: Consider shorting in the 2530-2550 range, with a short-term target focusing on 2500.

Market conditions are constantly changing, and investors should make decisions based on their own risk tolerance and investment objectives. The above analysis is for reference only.