#BTC ETH: “Erbing” staged a rollercoaster move from last night to midday today—first climbing up, then dropping back. It surged higher again, only to fall back once more. Bulls and bears kept tugging back and forth; after looping around, it returned to around 2330 to trade in a range. But in the meantime, it likely swept out many holders who got off the train. Meanwhile, the “Erbing” movement and “Dabing” are very similar in direction and action, aside from differences in price levels. In the morning, price was clearly centered around the upper daily Bollinger Band resistance, followed by a quick drop, then watching the closing—if the moving averages are opening up, it signals the bulls continue pressing higher; if they narrow, it suggests the pullback will continue.

Currently, from the overall structure: “Erbing” has been stuck in high-level consolidation since it surged from 1935 to 2465. Because the consolidation period has been relatively long, it is no longer a strongly bullish structure, but it has also not flipped into a bearish trend. Instead, it needs to be redefined—why “redefined”? Looking at the five-day line: the upper highs are moving in parallel downward, while the lower lows are moving in parallel upward, and the range keeps tightening. That means it is approaching the bull-bear watershed stage. Whichever side breaks first out of that parallel up/down range will continue in that direction, forming a new short-term one-way trend. If it breaks upward, it targets around 2690 to 2740. If it breaks downward, it targets around 2050 to 1990. So it’s crucial to pay attention: once one side breaks, you can follow the move—don’t fight against it.

For intraday, first look for the pullback to continue. In the afternoon, see shorts around 2340, and you can watch around 2280.