As guessed yesterday, it is still operating within the dual consolidation zone.


Last night and this morning, two attempts to probe 2300 resulted in spike behaviors.
So far this week, the difficulty has increased.
The seemingly simple market is full of traps, with uncertainty, so it's best to minimize trading and stay steady.
The strong bullish momentum since the 6th has not shown obvious performance in price.
The bullish momentum's downward trend completely defies logic.
Currently, a consolidation range has formed: 2300-2385, 2310-2383, 2343-2325.
This morning, a second short opportunity appeared on the 15-minute chart, but there's a dilemma: is the market already completing a move within a single candlestick?
Jumping directly into a short position isn't very wise; at least, it's better to wait for a higher probability opportunity within the five-minute consolidation zone.
Bitcoin has formed a consolidation zone: 82150-80500, which suggests that the possibility of Ethereum dropping sharply is relatively low.
The market trend indicator for both requires time and space to align before reaching market consensus.
Currently, a default sideways trend is assumed, treating it as a five-minute consolidation zone, mainly for short-term trading.
A small piece of knowledge: in Chan theory, most people think only trend-based ranges exist, but consolidation can also have range-bound zones.
The difference lies in trend continuation versus disruption, irregularities, and the consistency of volume and price corrections.
BTC-1.34%
ETH-2.29%
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