The cryptocurrency market continues to show a weak and volatile pattern throughout the day, with Bitcoin and Ethereum's price fluctuations narrowing. The tug-of-war between bulls and bears is in a stalemate, and the market is waiting for a clear directional signal during the evening U.S. trading session.

From morning to afternoon, Bitcoin's fluctuations were minimal. Although there was a slight rebound during the day, it was unable to break through resistance. Around noon, it faced pressure again near the 90,000 mark and has since dropped to around 89,200 at the time of writing, showing significant weakness in upward momentum. Ethereum's performance is similarly weak; after a rebound that touched the 2,985 level, it quickly encountered resistance and fell, currently consolidating weakly around 2,930. Overall, the price fluctuations remain within a hundred points, and short-term capital is in a wait-and-see mood, with the market likely to see substantial movement only after the evening U.S. market opens.

The technical indicators show a clear bearish dominance, with the rebound momentum of both cryptocurrencies severely lacking. On the daily chart, the MACD indicators for Bitcoin and Ethereum are both in a bearish expansion state, and the RSI indicators remain in a weak operational range. Although prices have touched the lower Bollinger Band and received some support, the strength of this support is limited, failing to trigger an effective rebound. This trend is a result of the market sentiment aftermath caused by panic selling at the beginning of the week, compounded by a lack of positive macro news to boost sentiment, leading to a continued weak and volatile market.

On the four-hour chart, the Bollinger Bands are beginning to slowly narrow, and the MACD momentum bars are continuously decreasing, indicating that the market is on the eve of a potential trend change, with prices likely to continue a weak trend in the evening. Key support and resistance levels need to be closely monitored: for Bitcoin, resistance is focused on the intraday high of 90,400 and the four-hour upper band at 91,200, while support is at the four-hour lower band of 88,500 and yesterday's low of 87,200; for Ethereum, resistance is at the 3,000 mark and yesterday's early morning high of 3,060, while support is at the four-hour lower band of 2,900 and yesterday's low of 2,870. If key support levels are breached, it may trigger a new round of downward movement.

The current market is in a highly sensitive phase, and a trend change could happen at any time, so it is essential to be cautious of sudden events that may amplify volatility. Especially during the evening U.S. trading session, comments from Trump regarding tariffs and trade could potentially stir market risk appetite, leading to unusual movements in cryptocurrency prices. It is advisable to remain cautious and strictly control positions while waiting for clear signals.

This article is exclusively contributed by Jian Crypto (follow the official account: Jian Crypto) and represents personal views. Due to the timing of the article's release, the above views or suggestions may not be timely and are for reference only. For more real-time guidance, please contact me!

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