The weekend is another day without volatility. After Bitcoin's deep dip yesterday, it neither continued nor reversed. Instead, it hovered around the lower middle band near 87,000 without significant improvement. This market condition is just a game of time exchanging for space, and more patience is needed.



As long as the upper resistance points are not broken, we will continue to trade within the range. Today, the focus is on a bullish outlook.
From the four-hour chart, the market is climbing with consecutive bullish candles and facing resistance at the middle band. There is no momentum to break higher, and the Bollinger Bands are not expanding upward, so the tug-of-war is likely to continue. Coupled with the downward channel on the daily chart, with the middle band acting as resistance, a strong retracement with a large downward candle is expected. Previously, there were attempts to probe the resistance. Without clear positive news, I will mainly remain bearish. If the price does not stabilize above the middle band and change direction, the downward trend will persist.

Bitcoin: Short positions around 87,800, targeting 86,300. If broken, look further down to 85,200-84,500.
Ethereum: Short positions around 2,950, targeting 2,880. If broken, look further down to 2,800-2,720.
BTC0,38%
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