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BTC this weekend seems a bit boring. The price fluctuated around $95,100, repeatedly testing between $94,876.4 and $95,649.2 within 24 hours. Weekend, after all, market activity is generally low, trading volume is sluggish, and it looks like the main funds are also taking a break. In the short term, this kind of stalemate is likely to continue.
From a technical perspective, the situation is indeed a bit awkward. On the 1-hour chart, both the 5-day and 10-day moving averages have flattened and are intertwined, MACD is hovering around the zero line and not showing any movement, with no clear trend signals. In plain language, the market is currently at a crossroads; whether it goes up or down depends on the next candlestick to show its stance.
The key support level is around $94,900 (close to the intraday low). If it truly breaks below, the next support is at $94,700. Conversely, resistance is at $95,400 (the recent trading range ceiling). If it breaks through this level, there is potential to continue upward to $95,600.
For short-term trading, it is recommended not to be too aggressive. First, in this kind of oscillating market, holding a small position or even observing is more prudent. Chasing gains or cutting losses recklessly can lead to losses; securing profits in time is the key. Second, once volume confirms a steady hold above $95,400, consider small positions to follow the trend, targeting $95,600, with a stop-loss set at $95,100. Conversely, if volume breaks below $94,900, small short positions could be considered, targeting $94,700, with a stop-loss at $95,200. The last suggestion: if the market continues to fluctuate between $94,900 and $95,400, rather than forcing a position, it’s better to wait for the trend to clarify before taking action.