Market Sentiment:
Chart Analysis:
Bitcoin (BTC):
The structure of BTC on the 1-hour chart shows that it experienced a breakthrough yesterday, then fell back into the center of the 1-hour range and continues to oscillate. In the short term, there is no clear direction. It is best to operate based on the range of the center's oscillation. Patience is needed to wait for the market to choose a direction. In my opinion, it is best to focus on spot investment. Currently, the market is characterized by repeated pulse-like rises followed by falls, making it very difficult to operate. Therefore, it is best to observe more and act less.
The structure of BTC on the 15-minute chart shows that it is in the second 15-minute upward movement. In the short term, this upward movement has almost retraced to the 0-axis. We need to see how the third 15-minute downward movement unfolds, but it is highly likely to fall near the lower edge of the center and then continue to support, maintaining a trend dominated by the oscillation of the 1-hour center.
Ethereum (ETH):
The structure of ETH on the 1-hour chart is similar to BTC, maintaining synchronous oscillation within the 1-hour center. The current market is in the late stage of a bear market, characterized by depleted liquidity and low volatility. The trend is characterized by exchanging time for space. The main reason for this is that the market is waiting for a change in the fundamentals. Without any other unexpected events, the market will not see much selling pressure. It is in a phase of slowly absorbing chips and maintaining positions.
Trading Strategy:
Invest with caution. This article should not be used as a basis for trading decisions.
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