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Weekend market activity is indeed dull. Trading volume continues to decline, with both large and small cryptocurrencies repeatedly testing bottom levels within a very narrow range.
Looking at today's specific trend, Bitcoin rebounded from a low of 94,829 and then surged to around 95,250 but lost momentum, with a daily fluctuation of less than 400 points. Ethereum is similar; it dropped below 3,294 and then pulled back, with a high around 3,323. The overall rhythm is completely synchronized.
From a technical perspective, the four-hour chart shows alternating bullish and bearish candles, with the Bollinger Bands continuously narrowing. This pattern suggests a high probability of continued range-bound oscillation. The hourly Bollinger Bands appear to be in a horizontal consolidation, with prices firmly trapped within a set box, showing no signs of breaking upward or downward. The candlestick structure remains a narrow-range alternating pattern, with both bulls and bears currently in a weak equilibrium.
The operational approach is to respond to the range-bound oscillation first, without rushing to chase the trend. Only when the trend becomes clear should you follow along.
Reference levels: Bitcoin can go sideways around 94,500, aiming for 96,000; Ethereum around 3,390, with a target of 3,400.