The market on Saturday has come to a close, with BTC showing strong resilience near the key support level of 84000 without a substantial breakthrough. From a technical perspective, this situation heralds the arrival of a Rebound market, with a clear bottoming Rebound structure visible at the daily candlestick level. In the daily candlestick chart, the long lower wick at the bottom acts like a compass needle, highlighting the strong resistance of long positions at this price level. Although today's price increase has been somewhat recaptured by short positions, it is worth noting that today is the weekend, with overall market activity low and trading volume light, leading to relatively small price fluctuations. In the afternoon, BTC price entered a prolonged period of oscillation for several hours, and after the oscillation, the price has once again started to stretch, successfully reaching the high end of the oscillation range, showing a typical V-shaped reversal trend, and the price has returned to around 86000. However, due to the impact of the weekend market closure, the strength of long positions is struggling to sustain a strong push, leading to a pattern of oscillation pullback in intra-day prices. It is worth following that the momentum of short positions has quietly diminished during this process, and the current price is fiercely contested around the 86000 level. From a comprehensive analysis of multiple technical levels, the overall trend of BTC is expected to lead a round of Rebound market first. Based on this, in the trading strategy at the beginning of next week, our first target level can be set at around 88000, and the second target level can be aimed at the 90000 level. In today's early trading strategy, it is advisable for investors to maintain a strategy of Long on pullbacks, closely follow the price action, and seize trading opportunities.


On the Ethereum side, its rebound strength is significantly weaker compared to BTC. During the day session, Ethereum's price rebounded to the 2279 level but encountered strong resistance, then declined all the way down, reaching as low as the 2142 level before starting a rebound. The price rebounded to the 2234 level and then fell again, currently oscillating around the 2200 range. From the current market perspective, this belongs to the early rebound stage after the decline. From the perspective of the daily candlestick chart, Ethereum is still in a market dominated by shorts, and the rebound at the lower timeframe has not yet successfully led longs to resonate cyclically. In addition, today and tomorrow happen to be the weekend, and the market's liquidity may be affected to some extent, which may lead to a specific fluctuation zone in the market during these two days. If the rebound at the lower timeframe fails to break through the key resistance level effectively, it is highly likely to trigger the continuation of the shorts trend at the daily candlestick level. Therefore, from a macro perspective, shorts still dominate the market, and the current rebound is just a phase adjustment within the shorts' major trend. In terms of operational strategy, it is recommended that investors focus on key points within the range, closely follow the price fluctuation, and control risks reasonably.
BTC-2,08%
ETH-3,49%
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