The market on Saturday has already drawn to a close, and BTC has shown strong resilience near the key support level of 84000, without a substantial breakthrough. From a technical perspective, this situation indicates the arrival of a Rebound trend, with a clear bottoming Rebound structure visible at the daily candlestick level. In the daily candlestick chart, the long lower wick at the bottom acts like a compass needle, highlighting the strong resistance of long positions at this price level. Despite the price rally today being somewhat recaptured by short positions, it is worth noting that today is the weekend, and the overall market activity is relatively low, resulting in a relatively small Fluctuation. In the afternoon, the BTC price fell into a few hours of oscillation, and after the oscillation, the price is currently stretching again, successfully reaching the high end of the oscillation range, showing a typical V-shaped reversal trend, and the price has returned to around 86000. However, due to the impact of the weekend market closure, the strength of long positions is difficult to sustain a strong push, and the intraday price has fallen into a pattern of oscillation pullback. It is worth following that the momentum of short positions has quietly diminished during this process, and the current price is fiercely contested near the 86000 level. From a comprehensive analysis of multiple technical levels, the overall trend of BTC is expected to lead a round of Rebound trend. Based on this, in the trading strategy at the beginning of next week, our first target level can be set at around 88000, and the second target level can be aimed at the 90000 level. In today's morning trading strategy, it is advisable for investors to maintain a strategy of Long on pullback, closely follow the price action, and seize the trading opportunity.
Regarding Ethereum, its Rebound is significantly weaker compared to BTC. During the day session, the Ethereum price Rebounded to the 2279 level but encountered strong resistance, then dropped to the lowest point of 2142 before starting to Rebound. The price Rebounded to the 2234 level and then fell back, currently oscillating around the 2200 range. From the current market perspective, this is considered the initial Rebound phase after the decline. From the perspective of the daily candlestick chart, Ethereum is still in a market dominated by short positions, and the Rebound on the smaller time frame has not yet successfully induced a resonance in long positions. In addition, the next two days happen to be the weekend, and the market liquidity will be affected to some extent, which may lead to a specific Fluctuation in the market during these two days. If the Rebound on the smaller time frame fails to effectively break through the key resistance level, it is very likely to trigger the continuation of the short trend on the daily candlestick chart. Therefore, from a comprehensive macro perspective, the market is still dominated by short positions, and the current Rebound is only a temporary adjustment within the short trend. In terms of trading strategy, it is recommended for investors to operate around key points within the range, closely follow the price Fluctuation, and control risks reasonably.
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The market on Saturday has already drawn to a close, and BTC has shown strong resilience near the key support level of 84000, without a substantial breakthrough. From a technical perspective, this situation indicates the arrival of a Rebound trend, with a clear bottoming Rebound structure visible at the daily candlestick level. In the daily candlestick chart, the long lower wick at the bottom acts like a compass needle, highlighting the strong resistance of long positions at this price level. Despite the price rally today being somewhat recaptured by short positions, it is worth noting that today is the weekend, and the overall market activity is relatively low, resulting in a relatively small Fluctuation. In the afternoon, the BTC price fell into a few hours of oscillation, and after the oscillation, the price is currently stretching again, successfully reaching the high end of the oscillation range, showing a typical V-shaped reversal trend, and the price has returned to around 86000. However, due to the impact of the weekend market closure, the strength of long positions is difficult to sustain a strong push, and the intraday price has fallen into a pattern of oscillation pullback. It is worth following that the momentum of short positions has quietly diminished during this process, and the current price is fiercely contested near the 86000 level. From a comprehensive analysis of multiple technical levels, the overall trend of BTC is expected to lead a round of Rebound trend. Based on this, in the trading strategy at the beginning of next week, our first target level can be set at around 88000, and the second target level can be aimed at the 90000 level. In today's morning trading strategy, it is advisable for investors to maintain a strategy of Long on pullback, closely follow the price action, and seize the trading opportunity.
Regarding Ethereum, its Rebound is significantly weaker compared to BTC. During the day session, the Ethereum price Rebounded to the 2279 level but encountered strong resistance, then dropped to the lowest point of 2142 before starting to Rebound. The price Rebounded to the 2234 level and then fell back, currently oscillating around the 2200 range. From the current market perspective, this is considered the initial Rebound phase after the decline. From the perspective of the daily candlestick chart, Ethereum is still in a market dominated by short positions, and the Rebound on the smaller time frame has not yet successfully induced a resonance in long positions. In addition, the next two days happen to be the weekend, and the market liquidity will be affected to some extent, which may lead to a specific Fluctuation in the market during these two days. If the Rebound on the smaller time frame fails to effectively break through the key resistance level, it is very likely to trigger the continuation of the short trend on the daily candlestick chart. Therefore, from a comprehensive macro perspective, the market is still dominated by short positions, and the current Rebound is only a temporary adjustment within the short trend. In terms of trading strategy, it is recommended for investors to operate around key points within the range, closely follow the price Fluctuation, and control risks reasonably.