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#数字资产市场动态 Sunday early morning $BTC and $ETH market observation
The market has been very "quiet" over the past few days of the weekend, with trading volume seeming almost nonexistent and very little volatility. Yesterday's performance can illustrate the situation—Bitcoin was stuck in a small range between 87200-87600 all day, and by night it was so lazy that it didn't even bother to fluctuate much, oscillating within a hundred points; Ethereum was similar, hovering around 2939-2914, with neither bulls nor bears making any moves, neither side wanting to lead the charge.
What about the technical analysis? On the four-hour chart, although a few consecutive bullish candles look decent, every time it hits the middle line of the Bollinger Bands, it stalls, failing to break through. Currently, the Bollinger Bands are narrowing, indicating that the short-term market is likely to continue consolidating or even weaken slightly. On the hourly level, the Bollinger Bands are flat, with the price locked tightly within the channel, making it unlikely to break out. The candlestick patterns show alternating red and green candles, indicating a stalemate between bulls and bears. The market is quite confused right now, with no clear direction.
Current thoughts and opportunities:
- For Bitcoin, focus on the resistance around 87600-88000. Consider a light short position with a stop-loss around 88200, targeting near 86500.
- For Ethereum, resistance is at 2930-2960. You might consider short positions at higher levels, with the same target around 2850.
The big move hasn't arrived yet; now it's just a matter of waiting for that truly breakout candle to appear.