The market is quietly waiting for the US inflation data to be released, with CPI and PPI set to be announced, and interest rate hike expectations repeatedly disturbing market sentiment. US Treasury yields are fluctuating at high levels, with mixed macro-level messages affecting market dynamics, leading to an increase in cautious sentiment. On the funding side, physical buying has slowed down, while futures positions remain elevated, intensifying the struggle between bulls and bears, and the short-term volatility continues to narrow as the market awaits significant data for directional guidance.

Bitcoin is currently in a stage of high-level sideways consolidation. From a technical perspective, the daily Bollinger Bands are continuously narrowing, with the upper band gradually moving down; KDJ and RSI indicators are turning downward, and MACD has formed a death cross, with bearish volume continuing to be released, indicating a clear demand for a pullback and repair from a technical standpoint. However, the biggest characteristic of the market is that it doesn't fall deeply; every downward spike is quickly met with buying support. Market divergences are continuously widening, leaving many traders conflicted about whether the next move will be a deep waterfall decline or a sideways consolidation to digest indicators before another upward push.

In my personal judgment, the larger bullish trend has not been broken. Indicator corrections are merely adjustments during the upward journey, and a truly ideal low-buying entry opportunity requires a decent pullback for completion. During the oscillation phase of the market, high and low points are repeatedly tested, making it extremely difficult to execute precise high short and low long trades and to arbitrage seamlessly, with frequent back-and-forth trading easily resulting in losses on both sides. A prudent approach focuses on building long positions at lower levels; investors with sufficient trading experience can cautiously attempt short positions to profit from pullbacks, while novices are advised against frequently opening positions in both directions.

BTC Key Price Levels

Short-term resistance above: 79000, 80000
If holding long positions, when the price rebounds to the resistance zone, it is possible to reduce positions in batches to minimize holding risks.

Key support below: 77500, 76000
If the price retreats to the support zone, it is a key accumulation position for a swing low long setup.

ETH Key Price Levels

Ethereum is oscillating back near the 2500 mark, with strong resistance clearly visible in the 2500-2550 range; long positions should take profits in batches if rebounding to this area.

Support levels below to reference sequentially: 2450, 2400, 2350, with gradual accumulation of low longs in batches to avoid a large one-time entry.

The hardest part of trading is not predicting price movements but enduring the agony of oscillations. Everyone can see profits in a one-sided market, while true differences among traders emerge during oscillation and washout phases. Many cannot tolerate the monotony of sideways movement and rush to chase highs and cut losses, repeatedly getting caught by the market. There is no need to panic excessively before the trend has truly broken, nor to blindly guess tops or waterfalls. Maintain a calm mindset and patiently wait for prices to pull back to safe accumulation zones, enter in batches according to the plan, manage positions well, and take steady steps; time will naturally bring profits to those who hold their positions.

Risk Warning: The above content is solely a personal analysis of market trends, intended for technical communication reference, and does not constitute any trading advice. The cryptocurrency market is highly volatile, please strictly control positions, trade rationally, and implement risk management.

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