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The recent market rhythm feels a bit "stuck"—Bitcoin clearly wants to move, but it just can't go down or up. This is the toughest test of judgment because you can't tell what the next move will be.
From the four-hour chart, after a pullback, it has entered a consolidation zone. Pay attention to a detail: although the center of gravity is shifting downward, there has been no continuous breakdown. What does this indicate? Someone is absorbing the sell-offs. So rather than saying it's a decline, it's better to say the market is slowly digesting the overhead pressure with time. The one-hour chart shows a typical tug-of-war—small rebound ranges, no extended pullbacks, just a back-and-forth correction.
Currently, this market is not suitable for impulsive actions. Chasing highs or selling lows can easily lead to traps. A more reliable approach is: wait first, then choose a direction. The key still depends on the performance at critical price levels. Either volume confirms a steady upward move, or a significant break downward extends the decline. Only then can the next phase of the market be confirmed. When in doubt, staying on the sidelines is the safest.
Specific levels: Bitcoin is currently trading between 87,200 and 87,700 in the short term. If it breaks down, the target is around 86,500. Ethereum is fluctuating between 2,930 and 2,960; if it breaks, look at around 2,880.
The key is to wait for volume confirmation—without volume, even a seemingly good breakout is just a false move.