Every market fluctuation is a test of our beliefs. When the price of Bitcoin rises and falls like a roller coaster, and the future of Ethereum seems shrouded in fog, do not panic, and do not blindly follow the crowd. True investors are the ones who steady the helm in the storm, analyze the situation with a calm mind, and continue to move forward with determined steps. On Saturday, the intra-day market displayed a pattern of initially rising and then declining, with the price rising from a morning low of 120700 to a high of 104085 before stopping, followed by a downward pressure, with the evening price touching a low of 103038. The Ethereum market, on the other hand, maintained a trend of oscillating upward throughout the day, with prices rising from a low of 2317 to an evening high of 2475. The Bitcoin and Ethereum longs positioned by Brother Sheng during the day both achieved the expected gains; the Bitcoin long positioned in the morning entered around 102820 and exited at 103913, capturing a space of 1100 points, while the Ethereum long entered around 2325 and exited around 2415, capturing a space of 90 points.
According to the current market, the four-hour level shows that the market is still consolidating between the middle and upper bands of the Bollinger Bands, with mixed buying and selling but not breaking out of a larger range. The MACD indicator shows the dual lines are sticking together and operating above the 0 axis. Given that the overall trend is still maintained in an upward channel, and the time of the horizontal consolidation has been extended, it is clearly a method of time-for-space correction. From the one-hour level, after experiencing a three-consecutive-day downward pullback, the market has once again stopped, but the overall market remains within a box cycle. Considering the volatility of the weekend market is not large, the midnight operation mainly focuses on high short and low long positioning.
Bitcoin can be bought around 102800-103000, with a target of 104500.
Ethereum can be bought around 2430, with a target of 2490.
