1.1 Bitcoin/Ethereum continues to fluctuate within a narrow range, patience is needed to wait for the trend to emerge

Bitcoin/Ethereum yesterday maintained short positions above 88,800 and 2,980, respectively. After a rally, the market pulled back and declined, with the lowest around 87,100 and 2,956. Bitcoin still has nearly 2,000 points of room to move, while Ethereum shows a narrow range of fluctuation with little movement. Currently, the market continues to fluctuate within a narrow range, and the candlestick pattern indicates a consolidation phase. The daily chart shows support around 2,950 and 86,500, but there is resistance near 3,030 and 89,500. On the technical indicators, in the 4-hour cycle, the MACD histogram is gradually shortening, and the fast and slow lines are approaching the zero axis, indicating that the bullish and bearish forces are becoming balanced, possibly entering a sideways market.

Trading suggestions: Short near 88,000-88,500 for Bitcoin, target around 86,500; short near 2,990-3,010 for Ethereum, target around 2,900-2,930.