This weekend's market indeed tests patience. After Bitcoin's plunge yesterday, it did not continue to fall sharply nor did it rebound immediately. Instead, it oscillated around 87,600, showing typical sideways consolidation characteristics—using time to gain space. Currently, there are no clear directional signals emerging. My advice is to stay calm and wait for a true confirmation pattern to appear.
From the four-hour perspective, although consecutive bullish candles have been formed, each time approaching the middle Bollinger Band, they are pushed back, and there are no signs of the Bollinger Bands opening up. This indicates that the tug-of-war is likely to continue. On the daily chart, the downward channel has preliminarily taken shape, and the middle Bollinger Band is exerting a clear resistance. If the next move results in a large bearish candle with sufficient volume, the possibility of a downward break is quite high. As long as no substantial positive news emerges, I lean towards remaining bearish. If the price cannot stay above the middle band, the plan to short at high levels should be executed as scheduled.
Essentially, the current market is testing within a range. Until a true breakout occurs, chasing longs is essentially gambling. A more prudent approach is to strengthen defensive countermeasures and wait for a suitable opportunity.
Specific trading references: Consider short positions near 87,800 for Bitcoin, with targets around 86,500; establish short positions around 2,950 for Ethereum, with targets at 2,880. This weekend, focus on whether the middle band can hold. Once a clear breakout occurs, I will update the strategy immediately. Keep up with the rhythm, and profits will be more stable.
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ShibaOnTheRun
· 15h ago
Another time-consuming sideways market. I can't stand this frustrating market trend.
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ApeWithNoChain
· 15h ago
87600 sideways trading really can't hold up anymore, do we have to continue the tug-of-war? I'm choosing to lie flat; anyway, chasing longs is just a gambler's mentality.
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SerLiquidated
· 15h ago
Both sideways movement and tug-of-war, this weekend is truly awkward. Let's just keep watching.
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AirdropHunterXM
· 15h ago
87600 this sideways movement is really a patience killer. People are gambling, the market is waiting, whoever collapses first loses.
This weekend's market indeed tests patience. After Bitcoin's plunge yesterday, it did not continue to fall sharply nor did it rebound immediately. Instead, it oscillated around 87,600, showing typical sideways consolidation characteristics—using time to gain space. Currently, there are no clear directional signals emerging. My advice is to stay calm and wait for a true confirmation pattern to appear.
From the four-hour perspective, although consecutive bullish candles have been formed, each time approaching the middle Bollinger Band, they are pushed back, and there are no signs of the Bollinger Bands opening up. This indicates that the tug-of-war is likely to continue. On the daily chart, the downward channel has preliminarily taken shape, and the middle Bollinger Band is exerting a clear resistance. If the next move results in a large bearish candle with sufficient volume, the possibility of a downward break is quite high. As long as no substantial positive news emerges, I lean towards remaining bearish. If the price cannot stay above the middle band, the plan to short at high levels should be executed as scheduled.
Essentially, the current market is testing within a range. Until a true breakout occurs, chasing longs is essentially gambling. A more prudent approach is to strengthen defensive countermeasures and wait for a suitable opportunity.
Specific trading references: Consider short positions near 87,800 for Bitcoin, with targets around 86,500; establish short positions around 2,950 for Ethereum, with targets at 2,880. This weekend, focus on whether the middle band can hold. Once a clear breakout occurs, I will update the strategy immediately. Keep up with the rhythm, and profits will be more stable.