Good morning everyone～ Recently, I've spent half of my time accompanying Dan and half with my family traveling, slowing down the pace and posting updates less frequently. To be honest, the market conditions during this period have been really challenging, and I believe many friends can relate to that. Over the weekend, the market has been fluctuating within a horizontal range, with some short-term trading opportunities still available, but the medium-term outlook is quite tricky. I plan to take another couple of days to rest and avoid blind trading. I will resume normal posting later, focusing on analyzing daily and four-hour level patterns, support and resistance levels, and the potential direction of future market movements, so please stay tuned～
From the current market perspective, the four-hour level shows a fragmented upward staircase pattern, but the fluctuations remain compressed within a narrow channel. Essentially, this is a technical rebound after previous downward movements, lacking a strong one-sided driving force for continuation. The Bollinger Bands maintain a downward divergence, with prices continually under pressure in the middle to lower band range, failing to break through the track resistance to form a confirmed trend reversal, and there is a lack of corresponding trading volume. The market's weak structure hasn't fundamentally changed. The one-hour level remains in a narrow consolidation, with a calm tug-of-war between bulls and bears, and there are no clear directional signals at the moment. In terms of liquidity, the market was quiet over the weekend with low activity, and it is expected that the short-term will likely continue to experience choppy consolidation, making it difficult to see any breakout trends. Trading should follow the principle of prioritizing signals and going with the trend, temporarily avoiding ineffective operations during narrow fluctuations, and waiting for clear opportunities to re-enter. #加密市场反弹
Saturday morning thoughts:
Bitcoin: Buy near 90000, target around 91800 $ETH
Ether: Buy near 3060, target around 3160 $BTC
