"3.2 Daily Market Analysis: Daily Chart Continues Narrow Fluctuation, Bitcoin's Direction Uncertain!"

Good morning, friends! A new week has begun. This weekend was also quite turbulent, but fortunately, the feared weekend downturn did not occur. In terms of market movement, Bitcoin is undoubtedly continuing to fluctuate within this consolidation. Additionally, on the daily chart, the Bollinger Bands are narrowing further, so currently it’s a matter of waiting for a direction, waiting for the main force to make a choice.

$BTC Regarding Bitcoin’s intraday movement, observe whether the 68600-69200 range will exert pressure on the market, and pay attention to whether the support at 64100 will hold and trigger a rebound. Within this consolidation, besides waiting for a direction, the only thing to do is to wait for key points to attempt long or short positions.

$SOL For Solana, focus on whether the current 85 level on the hourly chart can close above it. If it goes up, resistance is at 88 and 89.8; watch for a pullback. Support is at 79.6; see if it triggers a rebound.

$ETH Regarding Ethereum, it is also facing resistance at the 1-hour head and shoulders neckline. Watch when it can close above the 1980 neckline. If it moves higher, resistance is at 2040 and 2075; look for a pullback. Support levels are at 1880 and 1805; observe whether they trigger a rebound.

In summary, during the critical moment of expanding the Bollinger Bands over the weekend, the main force chose to pull back and continue narrowing. Therefore, within the entire consolidation range, no clear direction has been established yet. Our operations mainly revolve around key points for long or short positions. If you don’t understand the market or can’t determine the direction accurately, you are welcome to join the Chief Analyst. Click to join the Chief Analyst community (Follow the Chief Analyst for daily market analysis and precise entry points. Long and short ideas are for reference only. Strict stop-loss and take-profit are recommended.