After experiencing Christmas and several days of narrow-range fluctuations over the weekend, the overall volatility of Bitcoin remains very limited, and it surged again over the weekend. A quick upward move in the early morning pushed it from a low of 87,402 up to a high of 88,023. Ethereum also followed suit, reaching a high of 2,954. The overall profit potential of the current layout is quite considerable. The current trend is basically consistent with previous ideas, with no significant directional bias. In the short term, focus on recent narrow-range consolidations that serve as resistance levels for short entries, and act quickly when opportunities arise.

Looking at the current market, the daily chart has recently maintained narrow fluctuations between the middle and lower bands, with breakouts mostly showing upper shadow patterns, indicating that the bulls are still not as strong as before. There is still a possibility of continued sideways consolidation and secondary breakdowns. On the four-hour chart, the highs are moving lower while the lows are also rising, and the current triangle range is further converging. In the short term, there are not many clear signals, but on the larger weekly cycle, the price remains around this bottom consolidation zone without signs of a bullish reversal. Based on the larger cycle, short-term high-level oscillation zones suggest entering short positions.

Short on Bitcoin rebound from 88,500-89,000, targeting around 86,000. On Ethereum, short at 2,960-3,000, targeting around 2,880. #BTC #ETH