Today's market conditions are rather challenging, with the entire day basically oscillating within a narrow range, resulting in limited overall volatility. This has made many investors feel the tension and tests of the market. However, a fluctuating market does not mean there are no trading opportunities. As long as one accurately grasps the rhythm, it is still possible to capture profits amidst the volatility. Our team has consistently approached intraday trading with short-term and ultra-short-term strategies, and through precise control of market rhythm, we ultimately achieved good returns, providing feasible strategies for trading in a fluctuating market.

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In terms of specific cryptocurrency performance, Bitcoin's intraday trend shows a pattern of initially rising and then declining. In the morning, the market made a slight upward move, reaching a high of around 112300, but encountered significant resistance at this level, and the price gradually fell back. In the afternoon, selling pressure further increased, causing Bitcoin to drop to a low of around 110300. After a brief stabilization, it saw a slight rebound, and as of now, the price is stable around 111000. From this wave of movement, it can be seen that there is strong resistance for Bitcoin in the range of 112000 - 112300, while the level around 110300 shows some support strength, suggesting that it may continue to fluctuate within this range in the short term.

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The movement of Ethereum shows a correlation with Bitcoin, experiencing a process of rising and then falling within the day. In the early session, Ethereum rebounded from a low of 4537, reaching a peak of 4642 before gradually retreating under pressure. If we analyze Ethereum's movement from multiple timeframes, it is evident that its 4-hour chart displays distinct characteristics of bullish and bearish transitions. Previously, Ethereum relied on two bullish candles to drive a rebound, but as the rebound progressed, signs of weakening bullish momentum gradually emerged. Subsequently, bearish forces quickly counterattacked, completing the pullback with two bearish candles, and the price showed significant pressure as it approached the middle band of the Bollinger Bands, which also indirectly reflects the considerable pressure above Ethereum currently.

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Based on recent observations of the overall trend in the cryptocurrency market, both Bitcoin and Ethereum have not yet shown clear signs of a conclusion to their downward trend. Although bulls have attempted to organize rebounds multiple times in the previous market, unfortunately, these rebounds have failed to break through key resistance levels and have not formed effective reversal momentum. From a technical perspective, breaking through key resistance levels is one of the important signals for a market reversal, and the current market lacks this critical support, indicating that the subsequent market is likely to continue the previous downward rhythm. For investors, in this market environment, it is essential to maintain a cautious attitude and avoid blindly chasing after bullish trends. If one wishes to participate in trading, strict position control is necessary, and setting appropriate stop-loss and take-profit points is crucial to mitigate potential market risks.