This weekend, market trading enthusiasm is not very high, and liquidity also appears somewhat cold, with price fluctuations being tightly confined within a narrow range. Looking at Bitcoin's trend, it bottomed out at 94,829 in the morning and rebounded, reaching a high of 99,525 throughout the day. The fluctuation from low to high was less than 500 points—what does this indicate? The market is indecisive. Ethereum isn't doing much better, mostly following Bitcoin's rhythm. It dipped to 3,294 in the morning and recovered to 3,320 at the high, showing no significant volatility.



From a technical perspective, the four-hour chart has entered a recovery phase. The Bollinger Bands are narrowing, increasing the likelihood of continued sideways movement and weakening. Looking at the hourly level, the Bollinger Bands are almost flat, with prices trapped in a fixed channel, lacking enough momentum to break out. The candlestick chart shows a pattern of repeated consolidation, with both bulls and bears fighting fiercely, neither able to dominate. The market is currently like waiting at a red light at a crossroads, with the direction still undecided.

The trading strategy is actually very simple: buy low and sell high within this range.

Specifically—short Bitcoin between 99,500 and 96,000, with a target down to 3,200; for Ethereum, set short positions between 3,320 and 3,350, with a target at the 3,200 level. In a range-bound market, you should adopt a range trading approach and avoid trying to go all-in at once.
BTC-0.1%
View Original
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MetaverseHermitvip
· 6h ago
It's another situation of a sandwich cookie market, feeling really stifling.
View OriginalReply0
LightningSentryvip
· 6h ago
The market is really dull this weekend. With a 500-point fluctuation, what's the point of playing? Might as well go to sleep.
View OriginalReply0
LucidSleepwalkervip
· 6h ago
The Bollinger Bands are already squeezed tight, and you still want to break through? This wave is just a fight of a trapped beast. I totally understand the feeling of waiting at a red light.
View OriginalReply0
GateUser-26d7f434vip
· 6h ago
Is there only this much fluctuation over the weekend? The market is dead, it feels like all the funds have run away.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)