The market didn’t break out meaningfully over the weekend. Price action kept grinding back and forth around the previous local highs on the short-term, which also matches the overall subdued sentiment in weekend trading.

Currently, the market is trapped in a narrow consolidation range within the Bollinger Bands. Attempts to break upward above the upper band keep failing to hold, and when it pulls back to the mid-band there is support and absorption, causing the oscillation range to keep compressing. Coupled with continuously declining trading volume and out-of-market capital unwilling to enter, bulls and bears are locked in a short-term stalemate and tug-of-war.
For short-term trading, prioritize a range-trading approach: sell near the Bollinger upper band and buy near the lower band. After a breakout with volume out of the box/consolidation range, then switch to a one-way trend-following mindset.
BTC: Sell short on the rebound around 64,300-64,800, targeting 62,800-61,500 below.
ETH: Sell short on the rebound around 1,820-1,850, targeting 1,750-1,650 below#GateUS合规扩展佛罗里达 $BTC