Unconsciously, it’s the end of the week again. The weekend is approaching, and regardless of how well or poorly this week went, it has already become history. Each upcoming day is a new beginning. Generally, the weekly trend shows sideways consolidation, with bulls and bears hovering around the 85,000 level, leaving little room for movement up or down. Overall, I suggest everyone adopt a strategy of buying on dips. Currently, after reaching a high of 85,800 in the morning, the price has pulled back. It briefly touched the 85,000 level, where it hovered for a while. This level is also a key support zone mentioned earlier, but it was unable to break through due to resistance above. Compared to previous periods, the consolidation range has narrowed. If the price cannot rebound strongly and break through the previous resistance, the sideways trend is expected to continue for some time.

From a technical analysis perspective, both daily and four-hour charts clearly show that the current market is in a range-bound consolidation structure. On the daily chart, the price found support at the 84,000 low after a series of downward candles. The lower lows have not been broken further and instead show a continued sideways pattern. On the candlestick chart, the main rhythm is a rally followed by a pullback. Even occasional rebounds are quickly sold off. The downward extension of moving averages and Bollinger Bands further indicates a weak market structure. On the four-hour chart, although some short-term rebounds can be observed, they do not change the overall downward trend. These rebounds are more like brief pauses in the market rather than true reversal signals. In the current market environment, maintaining a bearish outlook remains the more prudent choice.

Bitcoin: 85500-85800 Short, target around 84000
Ethereum: 2840-2860 Short, target around 2700