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Recently, the cryptocurrency market has entered a low-volatility fluctuation range, with the main representative currencies Bitcoin and Ether showing a lack of clear direction in their trends.
Bitcoin is currently oscillating within the range of 113600 to 115800. Technical analysis shows that although there are potential bullish signals, the significant shrinkage in trading volume and the price being below the moving averages both suggest a lack of upward momentum. The narrowing of the Bollinger Bands further confirms the current oscillation pattern.
Regarding Ethereum, although the overall trend appears slightly positive, it also faces the issue of insufficient trading volume. The technical patterns formed recently have also increased the likelihood of a pullback, with 3614 becoming the key support level in the short term.
For traders, this volatile market presents both challenges and opportunities. Bitcoin can consider looking for long opportunities in the 114300-114600 range, with target prices between 115300-115800, but it is important to closely monitor whether the support at 113600 is effective.
The trading strategy for Ethereum can focus on bullish opportunities in the 3650-3660 range, with target prices between 3710-3730, while being cautious of the importance of the 3615 support level.
It is important to note that in the current market environment, which lacks clear direction, risk management becomes particularly important. Investors should operate cautiously, set reasonable stop-losses, and always pay attention to market changes, adjusting their strategies accordingly.