#以太坊大户持仓变化 Recently, I carefully reviewed the 1-hour chart of BTC. Analyzing from technical, on-chain data, and market news perspectives, I have reached a conclusion: the market is currently in a critical accumulation phase. Do not be fooled by the short-term fluctuations.

The technical signals are very straightforward. The price repeatedly confirms around 90485.3, the Bollinger Bands have tightened to the limit (upper band 91694.2, lower band 89735.3), the 7-day and 30-day moving averages are almost glued together, and the MACD histogram is also in a flat state. When this combination appears, it usually indicates that both bulls and bears are in a temporary stalemate, and market volatility has been compressed to a critical point. The previous high of 94760.3 and low of 89242.0 form a clear trading range, and currently, the price is bouncing within this box, suggesting a short-term rhythm of buying the dips and selling the rallies.

From on-chain data, exchange inflows and outflows remain stable, large transfers show no anomalies, and changes in open interest are also moderate. This indicates that whale players are also observing, and the market has not yet experienced a one-sided dump or rally. Macro news and regulatory attitudes are currently neutral, with no sudden negative shocks or major positive catalysts. The entire market is waiting for a trigger point.

Based on these observations, my view is that the market is likely to maintain a sideways trend in the short term. This is not a vague statement but a summary of years of trading experience—Bollinger Bands tightening + moving averages entangled + on-chain data calm = a typical pre-breakout sign.

Key levels to watch closely: resistance at 91694.2 (Bollinger upper band) and 94760.3 (previous high), support at 89735.3 (Bollinger lower band) and 89242.0 (previous low). Any breakout beyond these levels could trigger a larger market move.

The most important thing now is patience. In this kind of market, set proper stop-loss and take-profit levels, and avoid chipping away at your chips through repeated oscillations. While waiting for a catalyst, keep track of market developments and be prepared. This is the attitude a professional trader should have.

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