This week, the overall market conditions really don’t leave much room for action—the chart is basically locked in a narrow-range consolidation. For Bitcoin, the long position we planned at 76,000 on Monday can only yield up to about 2,000 points of profit in this round. For Ethereum, the long position entered at 2,075 has the largest profit potential of only around 80 points.

At present, Bitcoin’s sideways range is maintained at 76,000–78,000. Ethereum has been stuck in a modest consolidation band of 2,075–2,160 this week. The market is moving at a rather slow pace. This “range-bound accumulation/building momentum” state also suggests that a subsequent round of a major, higher-level market move is very likely to follow. Currently, Bitcoin is around 76,800, while Ethereum is fluctuating around 2,120. At this moment, whether you enter for a long or a short, the available profit space is extremely limited, making the trade-off not very cost-effective.

For now, temporarily stay on the sidelines and don’t rush to open any new positions. Focus on guarding the pre-planned long-entry order levels.

For Bitcoin, we’re still placing pre-set long orders at 75,200–74,500 to catch the “needle”/spike dips, with a defense of 1,000 points. The target is 76,500. If it breaks out, look for 772–784.

For Ethereum, we’re placing pre-set long orders at 2,030–2,042 to catch the “needle”/spike dips, with a defense of 45 points. The target is 2,088. If it breaks out, look for 2,120–2,160.

Today happens to be Friday, and the market is prone to abnormal moves. As long as the price touches the target range, there will be a chance to enter positions smoothly. As for the high-short setup entry levels, when the market provides a suitable opportunity later, I will update the entry prompts in the forum immediately and in the first instance.