Bitcoin maintains a range-bound oscillation pattern during the day, with only some volatility during the midnight hours; from dawn to evening, the overall price fluctuation is less than a thousand points. After successfully taking profits on the low buy idea given at midnight, we again suggested entering a buy order around the low end of the range at 77,700, holding it all day. During the session, the market twice retested the support at 77,400 and stabilized, but the upward momentum was weak, and the strength was somewhat disappointing. After observing a significant lack of volume, we could only take profits early with about 600 points of profit and exit.

From the current market situation, Bitcoin overall remains at a high level with stable consolidation. As the weekend approaches, overall trading sentiment is relatively subdued, and neither side of the buy-sell spread is supported by volume, leading to continued contraction of price fluctuations. On the four-hour chart, since yesterday’s early morning surge to around 79,400, the market has been oscillating with alternating bullish and bearish movements. During this period, the retracement strength has gradually weakened, the lows have been raised step by step, the Bollinger Bands are converging upward, and the middle band has formed a strong support zone. Each time the price retests this support, it quickly rebounds, confirming the support’s validity. It is expected that the weekend market will continue this rhythm. Currently, the market is in a consolidation phase, with the overall upward structure still intact. Our buy idea remains unchanged: look for opportunities to test support levels with retests and follow up with buy orders.

Bitcoin: around 77,300 buy, aiming for 79,000.
Altcoin: around 2,300 buy, aiming for 2,380. #Gate13周年现场直击 $BTC $ETH ‌ ‌