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After a week of thrilling battles, overall, the gains have been quite substantial. This type of range-bound market is very easy to navigate. The students who entered a position basically all have considerable profits. For next week's trend, the main direction still leans towards an upward view. However, if we close the weekly line tomorrow, there might be a certain downward pullback, so we are laying out our strategy with an upward outlook.
From a technical analysis perspective, the Bollinger Bands on the 4-hour chart are currently in a constricted state, with the upper band around 85 acting as resistance. This position is not very conducive for a breakout. Multiple attempts have not resulted in a solid break above the 85 level. In the evening, it might be worth considering to capitalize on a pullback. The specific entry point for positioning can be adjusted based on the strength of the pullback in the evening.
Big pancake operation suggestion Short-term layout Around 84900 southbound
Target 84000
Long-term layout looking at around 84000, with a target of 88000#BTC #ETH