Range-bound Bitcoin and Ethereum Await Breakout or Correction
Bitcoin and Ethereum are currently trading within established ranges, with no significant changes in the short-term picture. According to analysis by Coinspot.io, both coins remain in a narrow consolidation near their upper levels. For Bitcoin, this means it stays above $65,000 without breaking out of its range, while Ethereum holds above $1,900 with no noticeable change.
Zhou Yuein emphasizes the importance of discipline in cryptocurrency trading, advising against entering trades before a clear signal appears. The current idea remains the same: as long as the range is not broken, short-term trading should be based on marked boundaries. The market may show a clearer structure as early as next week.
The technical picture for both coins shows calm overall, with small ranges and weekend activity lower than usual. However, individual signals should be watched more closely, especially in the four-hour chart. For Bitcoin, support is seen around $63,800, while resistance is located at $66,000. If broken, a new pullback is likely.