Another boring weekend. Let's briefly discuss the Bitcoin market.
Bitcoin has been fluctuating back and forth for 4 days this week. I don't know how many friends have been hit back and forth during these days. Are you all battered and bruised? I can only say that the dealer knows how to play.
From the daily chart perspective, pay attention to the level around 93800 above. As long as it can stabilize at this position, the daily chart will reverse upwards. Below, pay attention to the level around 88800. If it breaks this position, the daily chart will reverse downwards.
Now looking at the hourly chart, Bitcoin has been consolidating in the range of 90600-89700 over the weekend. The hourly chart has also formed a hammer candlestick, indicating support below. The position of the lower shadow is exactly at the lower edge of the consolidation range. If Bitcoin gives a pullback tonight, as long as it doesn't break the consolidation range and this hammer candlestick, the decline won't be amplified. On the contrary, if Bitcoin can't break the consolidation range above, it won't be able to continue rising.
On Sunday, let's see if we can make something happen tonight. In this kind of garbage market, try to watch more and act less.
But also pay attention to one level, which is 90600. If the hourly chart breaks this position tonight, there will be a surge. Keep an eye on the breakout situation and volume changes tonight.
