Saturday evening thoughts, Ethereum latest market analysis
Looking back at the long position suggested in the afternoon, we emphasized controlling short-term risks to capture pullbacks for perfect realization. Currently, the live market is oscillating around the 96,000 level. In the short term, the live market may start to rebound, and we suggest lightly trying long positions in line with the trend. In the evening trading strategy, we still maintain a focus on buying on dips.
The weekend market remains consistently dull. Currently, the overall market is in a retracement phase. From the current pattern, the overall coin price is in a top-bottom swap. The support at 95,500 has a certain strength. As mentioned before, significant declines and rises with oscillation recovery are inevitable. From the current daily chart perspective, Bitcoin has not effectively stabilized after breaking the middle track, but it is still in a correction phase overall. In the short term, significant pullbacks may not occur. Given the insufficient liquidity for the upcoming week, the strategy for tonight's market is still to adopt a low long approach.
Operation Suggestions
Long positions near 95,500 for Bitcoin, targeting 97,000.
For Ethereum, trade in the 1,780-1,810 range, targeting 1,880.
