From a technical perspective, both Bitcoin and Ethereum are currently trapped in a typical range-bound consolidation, with no short-term trend forming.

Regarding Bitcoin, the daily chart shows that the price is still being suppressed by the 30-day moving average at the 8.9 level, which is the current key resistance. To see a genuine breakout, the price needs to stabilize above 8.9 first. The 1-hour chart has already broken through the 256-day moving average at around 8.8, but further confirmation of this support is needed. On the 4-hour chart, the 256-day moving average at 8.9 also acts as resistance, aligning with the daily resistance zone and forming an overlapping technical resistance band. Support levels below are at 8.78 and 8.65; if broken, short-term long opportunities can be considered.

Ethereum's volatility is gradually converging, often indicating that the market is about to make a decision. The daily 30-day moving average at 3030 remains a short-term key resistance level. The 1-hour chart stays above the 256-day moving average at 2960, but whether this weak pattern can continue requires further observation. The 4-hour chart's resistance at the 3000 level of the 256-day moving average should not be ignored. Support levels are around 2930 and 2850.

Based on this technical setup, short-term trading strategies could involve shorting Bitcoin at 8.9, adding to the position on a rebound to 9.03, with targets at 8.8 and 8.7; meanwhile, set small stop-losses at 8.78/8.65 to catch potential reversal long opportunities. For Ethereum, a similar logic applies: short at 2995, add on a rebound to 3050, with targets at 2950 and 2920; small stop-losses can be set at 2930/2850 for long entries.

Overall, in a ranging consolidation market, risks and opportunities coexist. The key is to wait for confirmation signals of a breakout.