The weekend market has entered a tug-of-war consolidation as expected, with market momentum significantly weakening and trading atmosphere becoming lukewarm. This is a typical weekend market hibernation state and does not require excessive interpretation. The current stage of trending market is not yet clear, and the layout cost-performance ratio is relatively low. The Zhuwei team suggests that friends maintain patience and observe, and not rush to enter the market.
From the four-hour level trend, Bitcoin has successfully filled the previous pullback gap, and the price is overall stabilizing in the upper middle band of the Bollinger Bands, with a preliminary bottoming shape emerging. However, it is important to note that each time the price tests the key resistance level above, it encounters obvious selling pressure suppression. The subsequent focus should be on the validity of the breakthrough of this resistance level. Considering the characteristics of the weekend market's light trading, the short-term market is likely to maintain a rhythm of oscillation and consolidation. In terms of operational strategy, the Zhuwei team suggests relying on low positions to strategically layout long positions, and once the market releases clear volatility space, then flexibly follow up with operations.
Long Bitcoin around 87500, target at 89500.
Long Ethereum around 29600, target at 3050$BTC .
