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Market fluctuations vary in size, profits never stop, and even amid volatility, you can still step-by-step harvest gains.
Looking back at intraday movements, Bitcoin stayed in a sideways consolidation all day, with relatively limited volatility.
After a slight probe in the afternoon, it briefly touched the 76,000 resistance level in the evening, as expected, faced resistance and pulled back, with the lowest dip near 74,700.
The resistance was met with resistance, and the pullback followed.
Ethereum's trend is also relatively weak, maintaining a narrow range of oscillation overall, with only about 40 points of fluctuation within the day, making the market quite frustrating.
In terms of intraday layout, Bitcoin is favoring both bulls and bears, with a prior hint that around 76,000 there might be a top-bottom reversal.
Both sides gained some profit; Bitcoin gained a total of 1,200 points, while Ethereum gained 55 points with one long and one short position.
This kind of market rhythm is just about eating back and forth.
From the current market situation, after continuous decline during the day, the market has entered a low-level weak consolidation phase.
The bearish trend remains clear, with multiple layers of resistance above.
Rebounds are just opportunities to short again.
The four-hour Bollinger Bands are opening downward, with the middle band in the 76,500-76,800 range forming strong resistance, making short-term breakthroughs very difficult.
The hourly Bollinger Bands are also trending downward, with each rebound being firmly suppressed by the middle band.
The candlesticks are running along the lower band, with the 75,000 level of the middle band forming obvious resistance.
Bulls have yet to break through this level, and support below will continue to be at the 74,200-74,500 zone.
Ethereum's rhythm is synchronized, with the 2,080-2,100 zone forming a strong resistance area; if it can't break through, it remains a short.
Bearish momentum has not been fully released yet, and early morning is likely to continue with low-level oscillation and grinding.
Bitcoin in the 75,000-75,500 zone is lightly shorted, targeting around 74,000.
Ethereum around 2,080 is shorted with a target of 2,030-2,000.
#BTC #ETH