Friday Morning Market View: Mainly Range-Bound, Suitable for Range Trading

As we approach the end of the week, good morning everyone. I am Art, wishing you successful trades and consistent profits.

Recently, after warming up, the market has gradually stabilized, with volatility clearly contracting, and prices oscillating within a range. Resistance is evident around 97,000, while support near 95,000 remains solid. Before a confirmed breakout, it’s more appropriate to adopt a short-term trading approach.

From the price movements last night into early morning, Bitcoin tested around 97,100 twice but failed to hold above it, then retreated; after dropping to around 95,100, it found support and rebounded. The bulls and bears are repeatedly tugging within the range, making it difficult to form a clear trend.

Technically, this is a typical consolidation phase with no prominent buy or sell signals. The core strategy remains to trade along the upper and lower boundaries of the range, waiting for a clearer directional signal.

Reference Strategy:
Long positions near 95,000, targeting 97,000–98,000
Short positions near 97,000, conservative traders may consider around 97,500, targeting 95,000–94,000$BTC