The trading atmosphere in the weekend market continued the recent lukewarm trend, with prices overall in a technically corrective phase.
From the current market structure observation, Bitcoin is engaging in a tug-of-war around key levels, with effective support forming around the $95,500 mark, which has been tested multiple times for defensive strength.
As historical trend patterns suggest, after significant fluctuations, the market often requires consolidation to digest bullish and bearish momentum. The daily level shows that although BTC briefly dipped below the middle band of the Bollinger Bands, it has not yet formed an effective breakout signal, and is still in a technical repair cycle overall. Considering the volume performance, a deep pullback is expected to be unlikely in the short term, and the market may continue to consolidate within a range.
Due to the impact of liquidity contraction over the weekend, market volatility may be limited. It is advised to maintain a strategy of positioning at lower levels during the correction, with a focus on rebound opportunities in the price support area. In the short term, light long positions can be tried based on key support, while being cautious of sudden volatility risks due to insufficient liquidity.
Operational Suggestions
Long Bitcoin around $95,500, targeting $97,000
Long Ethereum around $1,810, targeting $1,870
