#BTC & ETH Weekend Analysis#

The Bitcoin market showed a fluctuating slow rise in the morning, with the price rising from a low point of 78942 to a high point of 83300 by the evening, and then facing pressure and retreating. After touching a low point of 81307, it stopped and then welcomed another rebound, stretching the price to a maximum high of 84275. The short-term space has somewhat dulled. From the daily chart structure, the price has entered a triangular consolidation range. Although the lows are gradually rising, forming small steps upward, the upper band resistance has not been effectively broken, and there is currently no obvious upward space. In the short term, it is expected that Bitcoin will continue to fluctuate back and forth within the range, with a key focus on the resistance at around 85200. The 4-hour chart shows that the price is slightly stabilizing at 83000, and the short-term Bollinger Bands are starting to converge parallelly, indicating that the consolidation time may be further extended, and the space may further shrink. In terms of operation, it is particularly important to grasp the entry points in the fluctuating range-bound market. Super short-term operations need to be flexible; there is space for both high sell and low buy, and it is not advisable to linger in the market. Additionally, I would like to advise friends not to touch altcoins! Absolutely do not touch altcoins!