Sunday Afternoon Bitcoin and Ethereum Latest Market Analysis
Looking back at the long positions suggested in the afternoon, we expected a pullback near the 93600 line, followed by a rebound. Although there hasn't been much volatility, it has been slowly moving upwards and is currently fluctuating around the 94200 line. This weekend's market has been quite routine, mostly dominated by fluctuations, and we are mainly focusing on the evening market. Our afternoon strategy remains to buy on dips; for short-term trades, one can try a small position, while conservative traders should continue to wait for a pullback to position themselves.
From a technical structure perspective, the weekend's pattern still aligns with our expectations, and our strategy had been disclosed in advance, essentially reaching our anticipated positions. From a larger perspective, we are still in a phase of building momentum and consolidation, primarily due to the significant room for earlier gains. Additionally, the short-term contraction and fluctuations are quite normal. Following the morning's rise, there hasn't been a continuation to break new highs, so a pullback is inevitable. This rhythm indicates a period of fluctuation waiting for an increase in trading volume; it is just that the slow recovery makes the pattern appear slightly dull, and we will continue to expect fluctuations.
Sunday Afternoon Recommendations:
Bitcoin in the 93500-94000 range, target 95000.
Ethereum in the 1750-1800 range, target 1850.
