Entering this weekend, Bitcoin and Ethereum continued their previous correction trend. From the strong pullback observed early yesterday morning, Bitcoin surged from around 91,750 directly towards the 90,000 level, then entered a typical range-bound wide fluctuation mode during the daytime. The entire correction process released over 1,700 points of downward space, and those who followed the trend closely during this adjustment have generally benefited.
Due to light trading on Saturday and the lack of effective market guidance, there isn't much market analysis during the day. However, based on the late-night market conditions, the subsequent trend still requires close attention.
**Current Technical Pattern Analysis**
Currently, Bitcoin is oscillating narrowly around the middle band of the Bollinger Bands, with the upper and lower bands clearly narrowing, reflecting a decrease in short-term volatility. This is a normal sign of quiet weekend trading. After a rapid rebound and rally earlier, the market has experienced a strong correction. Looking at the candlestick structure, the long upper shadows from earlier still exist, indicating that there is still significant resistance near the 92,000 level.
From a technical indicator perspective: - **KDJ Indicator**: The K and D lines have formed a slight death cross, and the J value continues downward, indicating that the short-term upward momentum is weakening and the correction pressure is increasing. - **RSI Indicator**: The 12-day and 24-day lines are both in the neutral zone around 50, neither overbought nor oversold, showing that the market's oscillation characteristics remain prominent. - **MACD Indicator**: The DIF and DEA lines still maintain a golden cross, with the MACD histogram positive (40.5), but the height of the energy bars has not effectively expanded, indicating that the bullish momentum is relatively weak and the rebound lacks subsequent support.
Overall, Sunday may still be a wait-and-see phase. Traders with a bit of itchiness can consider the following suggestions for light positions:
**Trading Recommendations**
**Bitcoin**: When rebounding to the 90,800-91,000 range, consider trying a small short position, with a stop-loss at 91,200. Key support is at 90,300. If the lower band at 90,400 can stabilize, a small long position can also be attempted, with a stop-loss at 90,300, and watch for resistance at 91,000.
**Ethereum**: Near 3,100-3,130, try a small short position, with key support at 3,000 and a stop-loss at 3,070. If signs of stabilization appear around 3,050, a small long position can also be considered, with resistance at 3,130.
This round of correction is mainly technical repair; patience and waiting for clearer directional signals might be the best approach.
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TaxEvader
· 22h ago
Everyone who followed the trades yesterday made money, my execution speed is really bad haha
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NestedFox
· 22h ago
Those who can't resist trading when their fingers itch are doomed to get cut. It's better to be patient and wait.
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VitalikFanAccount
· 22h ago
Once again, such ambiguous market conditions—indicators showing a death cross and bulls losing strength—I'll just wait for signals by doing nothing.
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AlgoAlchemist
· 22h ago
90000 this threshold is really a bit tough, still grinding now
KDJ dead cross, still dare to buy more? If my finger isn't itchy, I won't move
Yesterday's 1700-point drop didn't keep up, today I can only watch the show, that's how weekends are
Is the Bollinger Band tightening? Then wait for it to open again before talking
The 92000 resistance level is so obvious, once it rebounds in, it's time to run, no need to gamble
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SchrodingerWallet
· 22h ago
1700 points gained, it's really a pity I didn't catch this wave
KDJ death cross, still dare to buy more? I'm just waiting to bottom out at 90300
Bollinger Bands narrowing, so boring. Let's wait until Monday for more movement before acting
If the bulls are weak, don't force a bottom. I think a stop loss at 91200 is a bit tight
If 3050 can stabilize, I'll try to go long on Ethereum; otherwise, I'll just keep observing
Is this just a technical correction? Feels like it still has to fall further. Let's keep waiting for signals
Always say to try with a small position, but I still get caught. I've learned my lesson
Is 92000 really that strong a resistance? Feels like a breakdown is just around the corner
Weekend is usually quiet, nothing much to do. Waiting for a breakout on Monday
If you ask me, the key support at 90300 is the most important. Breaking it would be dangerous
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InscriptionGriller
· 22h ago
The middle band of the Bollinger Bands is old news, with dead crosses and golden crosses happening repeatedly, endlessly harvesting the little guys.
When the bullish momentum is weak, don’t boast about rebound support. Calm markets are the easiest to ambush; just watch the show.
The 92,000 resistance level is tightly held, and the bears are waiting here to harvest. Even seasoned traders are watching cautiously.
If the 90,300 barrier can be held, I’ll admit defeat; funds are ready to run at any moment.
Technical correction? Ha, it’s basically just waiting to trap the next wave of entry cannon fodder.
**Market Review and Technical Pattern**
Entering this weekend, Bitcoin and Ethereum continued their previous correction trend. From the strong pullback observed early yesterday morning, Bitcoin surged from around 91,750 directly towards the 90,000 level, then entered a typical range-bound wide fluctuation mode during the daytime. The entire correction process released over 1,700 points of downward space, and those who followed the trend closely during this adjustment have generally benefited.
Due to light trading on Saturday and the lack of effective market guidance, there isn't much market analysis during the day. However, based on the late-night market conditions, the subsequent trend still requires close attention.
**Current Technical Pattern Analysis**
Currently, Bitcoin is oscillating narrowly around the middle band of the Bollinger Bands, with the upper and lower bands clearly narrowing, reflecting a decrease in short-term volatility. This is a normal sign of quiet weekend trading. After a rapid rebound and rally earlier, the market has experienced a strong correction. Looking at the candlestick structure, the long upper shadows from earlier still exist, indicating that there is still significant resistance near the 92,000 level.
From a technical indicator perspective:
- **KDJ Indicator**: The K and D lines have formed a slight death cross, and the J value continues downward, indicating that the short-term upward momentum is weakening and the correction pressure is increasing.
- **RSI Indicator**: The 12-day and 24-day lines are both in the neutral zone around 50, neither overbought nor oversold, showing that the market's oscillation characteristics remain prominent.
- **MACD Indicator**: The DIF and DEA lines still maintain a golden cross, with the MACD histogram positive (40.5), but the height of the energy bars has not effectively expanded, indicating that the bullish momentum is relatively weak and the rebound lacks subsequent support.
Overall, Sunday may still be a wait-and-see phase. Traders with a bit of itchiness can consider the following suggestions for light positions:
**Trading Recommendations**
**Bitcoin**: When rebounding to the 90,800-91,000 range, consider trying a small short position, with a stop-loss at 91,200. Key support is at 90,300. If the lower band at 90,400 can stabilize, a small long position can also be attempted, with a stop-loss at 90,300, and watch for resistance at 91,000.
**Ethereum**: Near 3,100-3,130, try a small short position, with key support at 3,000 and a stop-loss at 3,070. If signs of stabilization appear around 3,050, a small long position can also be considered, with resistance at 3,130.
This round of correction is mainly technical repair; patience and waiting for clearer directional signals might be the best approach.