The fluctuations in the cryptocurrency market are not a verdict of fate, but a practice in temperance. Every rise and fall in the candlestick chart is the market selecting the true steadfast believers—bull markets test restraint through exuberance, while bear markets refine faith through gloom, and the confusion of volatility measures understanding. Every weekend, market liquidity enters a calm phase, and price fluctuations tend to converge. Today, Bitcoin dropped to a low of 87946 in the morning, then rebounded supported by buy orders, reaching a peak of 88551 before retreating under pressure; Ethereum moved in sync with Bitcoin's trend, stabilizing after a low of 2969 in the morning, peaking at 2992 before encountering resistance and fluctuating, with limited intraday volatility, continuing an overall narrow consolidation pattern.
In the early morning, Bitcoin completed a technical correction on the 4-hour chart, stabilizing with consecutive small bullish candles and entering a phase of upward fluctuation. It has effectively stood above the middle band of the Bollinger Bands, showing some recovery momentum for bulls in the short term. Although the Bollinger Bands show signs of expansion, considering past Saturday market patterns, weekend trading tends to be quiet, with limited willingness for capital participation, so overall volatility space is expected to remain constrained. Observing from the 1-hour level, the Bollinger Bands continue to narrow, with price action alternating between small bullish and small bearish candles, and short-term volatility significantly reduced, which aligns with the typical characteristic of weekend market liquidity being insufficient. Ethereum's movement remains highly synchronized with Bitcoin, also undergoing narrow consolidation near the middle band of the Bollinger Bands, lacking clear directional signals. Weekend trading is not short of volatility, but it tests patience; the key lies in grasping the rhythm and executing high sell and low buy strategies.
Trading suggestions:
Bitcoin: around 87500, target looking at 91000
Ethereum: around 2900, target looking at 3200
