The Bitcoin has been fluctuating between 3060 and 2950 in the past couple of days, with no clear direction in sight.

The level at 3060 above is quite tough; every time I tried to rush up there, I was pushed back down, and the sell orders are particularly concentrated. Below, 2820 is a position that cannot be broken; every time it falls to this point, someone buys in, and this has become the key point of the current market.

From a morphological perspective, the price trend is becoming increasingly narrow, resembling a triangle that is gradually contracting, indicating that both bulls and bears in the market are quite hesitant, and for the time being, no one dares to make a heavy bet.

The trading volume here can particularly illustrate the problem - the recent volume has been continuously shrinking, falling more than 30% compared to the previous average volume. The MACD indicator shows alternating red and green bars shortening, while the KDJ oscillates in the middle area without signals of overbought or oversold. In simple terms, the market is waiting for a clear signal to emerge. The trend of $ETH is basically consistent, and the entire market is repeatedly oscillating in this deadlock.