Do not chase highs, do not bottom fish, do not leverage, do not go all-in. Do your own research, follow your own rhythm, earn within your cognitive understanding, and stay within your circle of competence. Stable profits are more important than overnight riches. On Thursday, the overall market showed a narrow range of oscillation, with Bitcoin price continuously fluctuating within a small range from the low of 88465 to the high of 90327. Ethereum price exhibited a sideways downward trend, rebounding to around 3037 in the morning before stopping and falling back, then declining all the way until the evening, when the lowest point touched around 2904. Although there were some setups during the day, the main focus was on ultra-short-term trades.
Currently, the four-hour chart shows price oscillating narrowly below the middle band of the Bollinger Bands. The one-hour indicators are also trending downward, but the Bollinger Bands are at their tightest and volatility has significantly decreased, often indicating that a major trend reversal window is approaching. This seemingly weak "time for space" consolidation is a typical feature of market energy building up in high compression. The repeated exhaustion of bearish forces within this narrow range may be nearing a phase of decline, while extreme volatility contraction is like a compressed spring, storing strong potential energy for a subsequent directional breakout. Signals such as a non-breaking dip at key lower band support or volume-price divergence may be signs of quietly gathering bullish strength. Market reversals often start unexpectedly, and the more cautious the sentiment and the tighter the space, the more we should look ahead for potential emotional reversals and structural shifts.
Trading suggestions: Bitcoin: around 88500, watch for a target of 93000 Altcoin: around 2880, target 3200
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Do not chase highs, do not bottom fish, do not leverage, do not go all-in. Do your own research, follow your own rhythm, earn within your cognitive understanding, and stay within your circle of competence. Stable profits are more important than overnight riches. On Thursday, the overall market showed a narrow range of oscillation, with Bitcoin price continuously fluctuating within a small range from the low of 88465 to the high of 90327. Ethereum price exhibited a sideways downward trend, rebounding to around 3037 in the morning before stopping and falling back, then declining all the way until the evening, when the lowest point touched around 2904. Although there were some setups during the day, the main focus was on ultra-short-term trades.
Currently, the four-hour chart shows price oscillating narrowly below the middle band of the Bollinger Bands. The one-hour indicators are also trending downward, but the Bollinger Bands are at their tightest and volatility has significantly decreased, often indicating that a major trend reversal window is approaching. This seemingly weak "time for space" consolidation is a typical feature of market energy building up in high compression. The repeated exhaustion of bearish forces within this narrow range may be nearing a phase of decline, while extreme volatility contraction is like a compressed spring, storing strong potential energy for a subsequent directional breakout. Signals such as a non-breaking dip at key lower band support or volume-price divergence may be signs of quietly gathering bullish strength. Market reversals often start unexpectedly, and the more cautious the sentiment and the tighter the space, the more we should look ahead for potential emotional reversals and structural shifts.
Trading suggestions:
Bitcoin: around 88500, watch for a target of 93000
Altcoin: around 2880, target 3200