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https://www.gate.com/announcements/article/45974
The latest market trend for Bitcoin and Ethereum shows a small bullish star Candlestick on the daily chart. Bitcoin is displaying a narrow fluctuation pattern on the daily level, and from a technical perspective, the price fluctuation range has clearly narrowed. The upper side is constrained by key resistance levels, while the lower side relies on the middle band of the Bollinger Bands in the 4-hour chart to form solid support. This converging triangle consolidation pattern suggests that the market is building up momentum for a breakout. As the fluctuation range continues to narrow, the distance between the upper and lower bands of the Bollinger Bands on the 4-hour level has compressed to a recent low. Currently, the market is quiet with trading volume continuously shrinking. This typical accumulation pattern often indicates a potential large-scale breakout in the future. There remains a significant resistance zone above, and we still maintain a bearish outlook. Bitcoin: Short position near 109000-109300 with a short-term target of 107000 Ethereum: Short position near 2640-2660 with a short-term target of 25500 1928374656574839201 #BTC# #ETH#