Time flies, and this week's market has been full of ups and downs. I believe friends who follow the crypto space have felt the grandeur of the market—daily price fluctuations are in the four-figure range, with Bitcoin breaking through the 94,760 level. Opportunities like this are indeed rare.

Throughout the week, Bitcoin gained over 13,040 points, while Ethereum gained about 683 points. Such performance is quite good for traders. Specifically, on Monday, Bitcoin gained 4,147 points and Ethereum 175 points; on Tuesday, 2,562 and 139 points respectively; on Wednesday, continued strength with 2,993 and 178 points; on Thursday, slight weakness with 2,138 and 113 points; and on Friday, further retreat to 1,200 and 78 points. From this rhythm, it’s clear that the market is gradually shifting from strength to consolidation.

From a technical perspective, the four-hour chart has entered a recovery phase. The Bollinger Bands are converging, which often indicates larger volatility may be coming—currently, it’s more about gathering strength. The hourly chart shows the Bollinger Bands have flattened, with prices being strongly constrained by the upper and lower bands, lacking momentum for a breakout. The candlesticks are consolidating within a narrow range, with buying and selling forces quite balanced, and the market is waiting for a clear directional signal.

What is the current strategic approach? Instead of blindly chasing highs or panicking to buy the dip, it’s better to perform high sell and low buy within key support and resistance levels. For Bitcoin, consider short positions in the 91,000-91,300 range, targeting around 88,500; for Ethereum, consider shorting in the 3,130-3,150 range, with a target near 3,000. Remember, strictly follow the support and resistance levels of the Bollinger Bands to manage your positions, so you can better control risk.