Bitcoin rebounded after touching a low around 94234 last night, reaching near 95550 in the early hours, then entered a slight consolidation. Ethereum followed the trend, rebounding from a low of 3251 to a high of 3298, and is currently also in a consolidation phase.

From a technical perspective, an interesting point on the four-hour chart is that after two bullish candles, the price was suppressed by the middle band of the Bollinger Bands. Now the price is retesting, with all moving averages extending parallel, and trading volume gradually shrinking—typical low-volatility characteristics. On the one-hour level, it’s even more evident, with the price oscillating around the middle Bollinger Band, alternating between bullish and bearish candles.

What is the current market condition at this stage? To be honest, the direction is not yet clear. Both upward and downward pressures are obvious, and the forces of bulls and bears are relatively balanced, causing the indicator signals to lose some reference value. From a trading perspective, in this sideways consolidation environment, it’s more prudent to consider shorting at high levels and going long at lows.

Specific operations:

**Bitcoin**: Consider shorting around 95500, with the target focusing on the support at 94200.

**Ethereum**: Short-term short positions above 3300, with a look at support at 3230.

Overall, the market is still making small corrections. Until the direction becomes clearer, it’s better to operate within a range and avoid rushing into heavy positions. In this frustrating market, risk control is more important than bottom fishing or chasing highs. Recent US economic data has also been sending some signals, but in the short term, the tug-of-war on the technical side may produce some results first.