Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
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.