Every weekend, market liquidity enters a stable phase, and market fluctuations tend to converge. Today, Bitcoin dropped to a low of 87946 in the morning, then supported by buying interest, it started a small wave upward, reaching a high of 88551 before facing resistance and retreating. Ethereum moved in sync with Bitcoin, stabilizing after a low of 2969 in the morning and rising to a high of 2992 before encountering resistance and fluctuating. The daily volatility is relatively limited, continuing the overall narrow consolidation pattern.
On the 4-hour level, Bitcoin completed a technical correction early in the morning and started to oscillate upward based on a series of small bullish candles. The current price has firmly stood above the middle band of the Bollinger Bands, and short-term bulls show a certain willingness to recover. However, although the Bollinger Bands show signs of expansion, considering the previous Saturday’s market patterns, the weekend trading atmosphere is light, and participation is insufficient, so the overall volatility is unlikely to be large. Looking at the 1-hour level, the Bollinger Bands are continuously narrowing, and the market shows alternating small bullish and bearish candles, with short-term volatility significantly decreasing, which completely aligns with the typical operational characteristics of weekend market liquidity scarcity. Ethereum's movements remain highly synchronized with Bitcoin, also hovering near the middle band of the Bollinger Bands, lacking clear directional guidance. The weekend market is not short of fluctuations, but it lacks patience; one must grasp the rhythm to buy low and sell high.
Bitcoin: It is recommended to go long around 87500, targeting near 89000, with a stop loss placed below 87000.
Ethereum: It is recommended to go long around 2930, targeting near 3050, with a stop loss placed below 2900 $BTC