The cryptocurrency market is still in a consolidation phase. Yesterday, both bulls and bears fiercely contested around key levels, but so far, neither side has gained a decisive advantage. The upper side is constrained by pressure at the 4-hour level, while the lower side relies on support from the range, with the market continuing to maintain a tug-of-war without a clear trend.

The core factors affecting the market recently continue to be geopolitical situations. News oscillates between signs of easing and escalation of conflicts, causing market sentiment to fluctuate accordingly. However, based on recent trends, such news primarily affects short-term volatility and is unlikely to fundamentally change the existing market structure.

From a long-term perspective, we are still in the bottom-building phase. Every rapid decline is accompanied by buying support, making it more worthwhile to focus on buying opportunities after sharp drops rather than chasing prices upwards; if prices rebound to key resistance areas and show signs of stagnation, shorting at high levels can still be considered as a supplementary strategy.

Regarding Bitcoin, it is currently maintaining a range-bound oscillation. The 1-hour, 2-hour, and 4-hour charts have entered a correction phase, while the 6-hour and 8-hour charts remain neutral, and the 12-hour chart still retains a bullish recovery structure. The daily chart tends to follow a **“pull back first, then recover”** running rhythm.

It is noteworthy that this week includes the last two trading days of the month. Fund reallocations, institutional settlements, and adjustments in futures positions could lead to significantly increased market volatility, so sudden spike events during trading need to be closely guarded against.

Although daily, weekly, and monthly charts are gradually meeting bottom-building conditions, we have not yet seen significant inflows of incremental capital, and bulls have not launched a truly proactive attack. Therefore, until there is a clear trend breakthrough, the market should be treated with range-bound thinking, patiently waiting for directional confirmation.

Support levels to watch: 59000-59500, 58000-58500

Resistance levels to watch: 60200-60600, 61000-61500

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This article is originally published by 【Huiying Community】 and represents personal views only. Due to a certain delay in information transfer, the content is for reference only and does not constitute any investment advice. Please make rational judgments and operate cautiously.
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