The market is fluctuating repeatedly, bouncing up and down, and the trading pattern is unclear, making it a truly frustrating market—tasteless to engage in, yet a bit regrettable to let go. For those trading long-term, there’s no time to watch the market; for those trading short-term, it can be completely ignored—don’t look, don’t touch, don’t trade!

After five consecutive bullish candles, Bitcoin has now seen five consecutive bearish candles. Yesterday, it closed with a small bullish doji. There is still no clear direction for short-term trading, with repeated washouts and fluctuations. Currently, the Bollinger Bands are opening upwards, but the MACD shows insufficient bullish momentum, continuously decreasing in volume, so be cautious of insufficient momentum that could lead to a pullback at any time. On the 4-hour chart, the price is currently pressing against the upper band, which is opening upwards, but the MACD energy has not significantly increased, indicating a lack of momentum, overbought corrections, and range fluctuations, along with frequent washouts, making short-term trading even more challenging. Everyone must avoid chasing highs and cutting losses!

If we draw a Fibonacci retracement line from the recent high of 94,700 to the low of 89,200, for intraday trading, if you want to participate in short positions, pay attention to the resistance at 92,600 (0.618), 93,700 (0.786), and last week's high of 94,700. Enter short positions around these levels. For profits, aim for a 1,000-point reduction in position size, then set a breakeven stop, and continue to expand profits, targeting a range of 2,000 to 3,000 points.

If you want to participate in long positions, then pay attention to the support at 90,200, 89,200, and 88,200. Enter long positions around these levels, which may have a slightly higher win rate. The goal is also to reduce position size in batches and adjust to a breakeven stop. Other intermediate positions are not recommended for entry; do not chase highs and cut losses, or you will end up feeling nauseous from the back-and-forth fluctuations!

For Ethereum short positions, pay attention to the resistance at 3,180 (0.5), 3,250 (0.786), and the high of 3,300. Enter short positions around these levels, aiming for a 50-point reduction in position size, then adjust to a breakeven stop, and continue to target 100 to 150 points.

For long positions, pay attention to the support at 3,060 and the 3,000 level. Recently, the price has tested the 3,080 and 3,060 levels multiple times without breaking down, so entering long positions around 3,060 and 3,000 is also a viable option. The target is the same as before—aim for a 50-point gain, then adjust to a breakeven stop, and continue the strategy.

The market is fluctuating back and forth, so be patient in your operations—observe more and act less! At this time, there is a significant divergence between bulls and bears in the market, and everyone is starting to make predictions. Bulls are projecting targets of 100,000 to 150,000, while bears are predicting 80,000 and 60,000. Everyone should observe more and act less, stay calm, and control their actions. A triangle convergence is imminent; do not chase if it breaks, and avoid excessive speculation or predictions about the market!

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