Bitcoin is like a trapped beast in a cage

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1: [Pelosi and Thirty Other Democratic Members Jointly Push for the “Prediction Market Anti-Insider Trading” Bill]

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How to view Bitcoin and Ethereum today: Bitcoin has been consolidating over the weekend with no significant fluctuations, maintaining a narrow range between 90,000 and 91,000. Ethereum is consolidating between 3,060 and 3,100. Although there was a small breakout attempt last night, the resistance at 91,500 still remains. In the previous article, Tommy pointed out the short-term range for Saturday and the weekend, which was successfully traded. This week, we still need to focus on whether Bitcoin can break above the resistance at 90,400-91,500 and hold, as well as the support below. The Ethereum range of 3,080-3,150 is also a key area to watch. #BTC#ETH

BTC: Currently, Bitcoin remains in a relatively weak state overall. The trading volume during consolidation has not shown large inflows. On the 1-hour and 4-hour charts, it is in a testing phase. We only need to watch whether the volume can break through and stabilize above 91,500. If it does, the next target zone is 92,800-93,700.

ETH: Ethereum’s support zone is at 3,050-3,030. Resistance is at 3,150-3,180. The key support below is 3,080-3,050. Only a breakout above 3,150 will allow the bulls to continue exerting strength. To sum up in one sentence: short-term trading is to short on breakouts without volume, and go long on dips that do not break support. Wait for a new trend to emerge before adjusting the pattern. To summarize today’s intraday operation in one sentence: the white market lacks liquidity, wait for the US stock market to open. During the narrow sideways movement, take some profits and move on—don’t be greedy. Avoid being washed out by this sideways chop; wait until a new trend erupts so we won’t panic.

Therefore, buy on dips at support, and sell on rebounds at resistance—taking small profits is the safest rhythm today.

In this past bull market, I repeatedly emphasized that I believe the underlying logic of the crypto market has changed. The factors determining market trends are now more complex than before, and this complexity is something investors have not experienced in previous bull and bear markets. I am Tommy, a trader and practitioner in the crypto space, here to accompany you. If you want real-time key entry points and personalized strategies, click on my profile and follow. We have professional trading instructors available around the clock to help you stay calm and avoid going it alone.