The market sentiment significantly cooled over the weekend, the higher trade volumes rhythm was interrupted. BTC gradually stabilized after a wave of depth adjustments in the early morning and is currently running in the 103300-103900 range, temporarily halting the fall in the short-term. Ether is also moving in a rhythm of probing bottom and rebound, currently consolidating in the 2410-2450 range. Although there hasn’t been a significant volume increase, the support below has been effectively validated. After the market's retracement whipsaw in the early morning, a phase of repair in the market is unfolding.


From the current market perspective, the BTC hourly chart has initially formed a "low-level oscillation recovery" correction structure, but the key resistance of 103900 remains unbroken. In the short term, the market is still mainly focused on a slightly stronger oscillation recovery. In the four-hour chart, the previous low candlestick forms a clear "bullish engulfing doji" combination, indicating some short-term upward continuation potential, but it has not been accompanied by higher trade volumes, which is insufficient to confirm the release of medium-term upward momentum. Therefore, expectations should be controlled and the pace should be maintained. If the market breaks through the 103900 level with higher trade volumes, it is expected to open up further rebound space.
  Buy BTC at 103000-103300, target near 104500, layout long positions for Ether at 2410-2390, target looking towards 2480. #BTC
BTC-0,1%
ETH-1,79%
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