Reviewing the early morning market, Bitcoin still moves within a range, with a rebound near 78,000 facing some resistance. Last night, after the US stock market opened, it was mentioned multiple times. A pullback below 77,000 suggests trying long positions to revisit 78,000, while also considering short positions in the layout. The overall movement is basically consistent with our recent strategy. Ethereum, like Bitcoin, is also moving in sync, consolidating between 2100 and 2150. The nighttime rebound did not break through significantly, and currently, it faces pressure again. The current range of the market can still be used as a reference. Last night’s spot trading saw many, but it’s uncertain how many caught the rebound to 78,000 by dawn. We also mentioned this trend, and it’s possible to consider short positions for some profit.

On the four-hour chart, the current price is oscillating narrowly around the middle Bollinger Band. Trading volume has significantly decreased. Although the net bears are dominant, there has been no continuous breakdown. The pullbacks are mostly tested with bearish candles, indicating that buying support below is still strong, and bears cannot push the price down easily. We have discussed this pattern before; weakness does not necessarily mean a direct collapse. The key is whether the middle band support can hold effectively. The current structure has entered the final stage of convergence, with the price forming a small triangle in the relatively low zone. This often signals a prelude to a directional move. If purely bearish, entering at this position is not very cost-effective because once a volume-increasing bullish candle breaks above the upper band, the market could potentially fill the 79,000 gap. This risk must be acknowledged. However, until the convergence pattern is broken, neither bulls nor bears have absolute advantage. Blindly betting on a one-sided move is just setting a trap for oneself. So, the core logic is not to bet on the direction but to wait for signals—if volume increases and the price stabilizes above the upper band, expect a rebound continuation; if the middle band is broken, continue shorting. Until signals appear, treat the market as range-bound.

Bitcoin can attempt long positions around 77,000, watching for a break above 78,000; if resistance continues, stay within the range. Ethereum can consolidate between 2100 and 2150, with high selling and low buying opportunities. #TradFi交易分享挑战 $BTC ‌$ETH ‌