On Saturday, the market continued its overall oscillation pattern, with Bitcoin remaining trapped within a clear oscillation range, and the price volatility continued to narrow. From the morning opening until the afternoon, there was no breakthrough movement, instead, the price repeatedly fluctuated between the low point of $106,000 and the high point of $107,500, with neither bulls nor bears forming an effective unilateral dominant force, leading to a strong wait-and-see sentiment in the market. Ethereum, on the other hand, experienced a differentiated oscillating slow rise during the day. In the morning, the price briefly retraced to the low point of $3,816, and then the short positions' momentum quickly weakened, allowing the market to enter a steady climbing mode. By the afternoon, Ethereum's price had gradually risen to the high point of $3,925, demonstrating relatively strong resilience in the overall oscillating market environment.
================================== 💎 💎 ================================== From the multi-cycle technical indicators of the current market, the overall cryptocurrency market is clearly in a state of consolidation, making it difficult to form a unilateral breakthrough in the short term. Bitcoin shows a state of being blocked from further decline and lacking strength to break upwards. Although Ether has shown a slow rise, it has not escaped the overall consolidation framework, and both major cryptocurrencies have not broken through the key interval boundaries. In this context, current operations still need to adhere to the core idea of "short high and long low," relying on key support and resistance levels for high selling and low buying within the range. The key point for the market going forward is the breakout direction of the consolidation range. Once the price effectively breaks through the aforementioned key levels accompanied by increased trading volume, it is highly likely to start a new trend market. For specific layout details and real-time market interpretation, please follow the YiBo evening live broadcast room and discuss market opportunities with professional analysts.
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On Saturday, the market continued its overall oscillation pattern, with Bitcoin remaining trapped within a clear oscillation range, and the price volatility continued to narrow. From the morning opening until the afternoon, there was no breakthrough movement, instead, the price repeatedly fluctuated between the low point of $106,000 and the high point of $107,500, with neither bulls nor bears forming an effective unilateral dominant force, leading to a strong wait-and-see sentiment in the market. Ethereum, on the other hand, experienced a differentiated oscillating slow rise during the day. In the morning, the price briefly retraced to the low point of $3,816, and then the short positions' momentum quickly weakened, allowing the market to enter a steady climbing mode. By the afternoon, Ethereum's price had gradually risen to the high point of $3,925, demonstrating relatively strong resilience in the overall oscillating market environment.
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From the multi-cycle technical indicators of the current market, the overall cryptocurrency market is clearly in a state of consolidation, making it difficult to form a unilateral breakthrough in the short term. Bitcoin shows a state of being blocked from further decline and lacking strength to break upwards. Although Ether has shown a slow rise, it has not escaped the overall consolidation framework, and both major cryptocurrencies have not broken through the key interval boundaries. In this context, current operations still need to adhere to the core idea of "short high and long low," relying on key support and resistance levels for high selling and low buying within the range. The key point for the market going forward is the breakout direction of the consolidation range. Once the price effectively breaks through the aforementioned key levels accompanied by increased trading volume, it is highly likely to start a new trend market. For specific layout details and real-time market interpretation, please follow the YiBo evening live broadcast room and discuss market opportunities with professional analysts.