Last week, our positions around 94,200 for Bitcoin and 3,270 for Ethereum have remained relatively stable. After a weekend correction, Bitcoin is currently fluctuating around 95,000, while Ethereum is near 3,330. Volatility has decreased, so we will continue to adopt a light position and cautious approach.



From the four-hour chart of Bitcoin, the candlesticks have been moving along the middle to lower Bollinger Bands, with the range gradually shifting downward. The Bollinger Bands are narrowing. The MACD indicator is relatively weak, with the fast and slow lines converging downward, indicating an ongoing bearish trend. Looking at the one-hour chart, although there was a series of bullish candles pushing higher, the subsequent candles faced resistance at the middle band, with the bullish body shrinking, showing that buying momentum is weakening. Overall, the market is still likely to remain weak in the near term.

In terms of trading strategy, focus on the 95,100-95,400 range for Bitcoin, with support around 94,400. For Ethereum, the resistance level is at 3,350, and support is at 3,310. It is recommended to wait for a breakout confirmation before making further decisions.
ETH1.98%
BTC-0.21%
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