Saturday, the overall trend is similar to the ideas I provided in the morning. The price of the coin basically remains in a high range of fluctuations. On the technical side, this round of strong rally has caused the Bitcoin price to directly break through the 100,000 mark. All moving averages are rising, indicating a strong bullish situation. It is important to note that in terms of technical indicators, the MACD has entered a bullish cycle, but in terms of volume support, a significant top divergence structure is emerging. According to the current market, to eliminate this top divergence expectation, the market needs to have a particularly strong rally again, which would likely mean breaking through historical highs in the short term, or even far exceeding historical peaks; this possibility seems quite difficult. Another scenario is a large-scale consolidation to alleviate the situation, and I personally lean towards the latter. Therefore, in the short term, continue to focus on short-term layout within the range!
On Saturday morning, for Bitcoin, consider trying a short position at the reference level of 104,000 during high points, with attention on the 102,000-102,500 area below, and stop loss if needed. For Ethereum, consider trying a short position in the 2,400-2,430 area, with attention on the 2,300-2,330 area below, and stop loss if needed!
With continuous price increases, the bears are losing strength. This weekend will pass, and by next week there may be new liquidity gathering, which might lead to new trend movements; at that time, we will adjust based on market signals!
