Sunday afternoon Bitcoin and Ethereum market analysis and trading suggestions
Bitcoin is currently in a consolidation correction phase, rebounding after touching support near $89,700 and is now consolidating around $90,200. The overall weekend market shows a volatile trend, and significant fluctuations may occur during the early hours tonight, so caution is advised.
From a technical structure perspective, the hourly level faces multiple cyclical resonance pressure, which overlaps with key resistance levels at the 2-hour and 4-hour marks. A successful breakout requires accompanying trading volume and sustained buying pressure. The key support remains concentrated around $89,000; if a stabilization signal appears in this area, it can be considered a short-term bullish structure reference.
In terms of short-cycle linkage, the direction breakout at the hourly level relies on smaller time frames such as 10-minute, 15-minute, and 30-minute trends for continuous momentum support. Currently, the price is at the end of a triangular consolidation, with indicators at the hourly and higher levels showing a state of accumulation, and a directional choice is imminent. Although short-term bearish sentiment slightly dominates, the bullish wave structure has not been destroyed, and the possibility of an upward move is still retained.
Operational reference:
Bitcoin: Pay attention to the support effect in the $89,000-$89,500 range; if a stabilization signal appears, consider light long positions, targeting the
$91,000-$92,000 area.
Ethereum: Focus on the $3,020-$3,060 support range; if a stop-loss confirmation occurs, consider establishing long positions, targeting near $3,140-$3,170.
