Juejin Old Cat: Bitcoin Auntie Continues Volatile Consolidation, Waiting for Direction Choice

Hello everyone, I am Juejin Old Cat. Today, after Bitcoin opened, it continued to fluctuate downward, with a low of 87205 and a high of 90427. The current quote is 88813, down 1.07% for the day; Auntie also weakened simultaneously, with a low of 2864 and a high of 3069. The current quote is 2940, down 1.54% for the day. Overall, it remains within the recent consolidation range.

On the news front, the market focuses on Federal Reserve policy expectations and US stock volatility. Cryptocurrency funds are stable, lacking clear driving forces, leading to sideways price movements, with a strong wait-and-see sentiment among investors.

Technically, on the hourly chart, Bitcoin relies on the lower band of the Bollinger Bands, with KDJ oscillating at low levels, and MACD green bars shrinking. Although there is a need for oversold correction, momentum is insufficient. Auntie is also in the Bollinger Bands' lower region, with KDJ near lows, MACD green bars narrowing, indicating a clear short-term consolidation pattern.

Operationally, it is recommended to adopt a range-bound approach:
Bitcoin: Consider long positions within the 88000-89000 range, with a stop loss below 87500, targeting 90000-90500; for rebounds to 90500-91000, take light short positions with a stop loss above 91500, targeting 89000-88500.

Auntie: Rely on the 2900-2950 range for long positions, with a stop loss below 2850, targeting 3000-3050; for rebounds to 3050-3100, take light short positions with a stop loss above 3150, targeting 2950-2900.

Disclaimer: This analysis is for personal trading ideas only and does not constitute any investment advice. The market carries risks; trade cautiously.