On Saturday, a summary of Bitcoin and Ethereum, and an analysis of Sunday’s market.

The weekend market has not seen significant fluctuations, remaining quiet. Yesterday's strategy was quite accurate; first, a rebound tested the resistance at 111000 and then quickly fell back. Those who positioned short near 111000 saw a decline to around 108600, providing nearly 2400 points of movement. Next, after a dip and then a rise, once touching the 108600 line, bulls gradually gained strength, pushing back above 110000 on Saturday. Both in live broadcasts and blog posts, directional judgments were provided, first long and then short, all aligning with expectations. Intraday, the short-term rhythm remains on point, with both long and short positions participating, and there is still some space for short-term trades. We neither commit to a long-only strategy nor a short-only strategy, but instead, we adapt to the market’s movements, following the trend.

Currently, there are no significant changes in the trend; short-term strategies are still being positioned at key levels. The trend continues to be dominated by bears, with rebound highs gradually moving lower. Daily charts show pressure at the midline gradually descending in search of a breakout, which is the reason for repeatedly indicating bearish sentiment. Although the weekend trend did offer some rebounds, the strength was not strong, mainly consolidating sideways to exchange time for space. If there is no strong rebound holding above 111000, maintaining a bearish outlook is sufficient.

Bitcoin, short near 111000 on rebound, target at 108000,

Ethereum, short near 3900 on rebound, target at 3800. $BTC $ETH #加密市场回调