The encryption market has been Sideways for three consecutive months, as if it has entered a state of stagnation. Many people can't help but ask: Will the market continue to decline, or will it suddenly erupt at some point and usher in a miraculous bull run? This is not only a technical chart issue but also involves multiple factors such as market sentiment, fund layout, and macroeconomic changes. Sideways may be a stage of gathering momentum. Many institutional investors are quietly positioning themselves at low levels. Once the market receives Favourable Information, BTC may quickly rise, starting a new Bull Market. Global economic conditions and policy changes are also constantly affecting market trends. In recent days, the situation of the Russia-Ukraine ceasefire has become clearer, coupled with the significant increase in the latest US inflation, leading to a sharp decline in market expectations for a Fed rate cut. This is also an important reason for the recent stagnation of coin prices Sideways. However, with the landing of a series of Unfavourable Information, market expectations are generally positive, and now it's a test of the patience of Holdings!

Over the weekend, the market trading sentiment leaned towards caution, with the market mostly moving sideways. BTC traded around 96500 without significant breakthroughs. Recently, the BTC price has been fluctuating within a range, unable to make a decisive breakout. On the daily chart, there have been consecutive changes between bullish and bearish trends, with each rebound being met with resistance, leading to selling pressure from buyers and high-volume selling. In this context, if the key resistance level cannot be broken through in the short term, there are still expectations of a downward trend. In the short term, the pressure on BTC remains around 98500, with support at 95000. The market has been in a sideways consolidation phase recently, with calm hourly trading volume reflecting a strong wait-and-see sentiment. Daily trading volume has also decreased, leaving both long and short positions in a deadlock. Therefore, the short-term trading strategy remains cautious, waiting patiently for market changes.

Ethereum is trading around 2680, consolidating. The overall market is forming a consolidation trend. On the 4-hour chart, the coin price is oscillating near the Bollinger Band midline, with short-term fluctuations limited to a specific range. Considering the alternating situation on the daily chart, a tug-of-war may form in this range in the short term. However, from a structural perspective, bullish strength is still firmly favored, and the expected rebound after repeated probes is likely to dominate. The current coin price is hovering near the midline, and active long positions are recommended for the morning operation.