The market on Saturday has moved as we expected. After rising to a high of 104524 early yesterday morning, it experienced a pullback, reaching a low of 102541 in the morning before rising again. The pullback range was previously reminded to everyone, and the layout was perfectly timed for exiting. The altcoin, however, has followed the downward trend in the evening, unexpectedly making a deeper retracement, rebounding after reaching a low of 2450 in the morning.
From the current market perspective, we are still in a phase of oscillation and adjustment. On the daily chart, it remains stable, with a tug-of-war between bulls and bears, and the price fluctuations are controlled within a certain range.
On the four-hour chart, the main coin is showing weakness, with a clear short-term downward trend, but the support around 102500 is slightly strong; once this level is broken, it is difficult to see a deeper retracement. The operation will primarily be within the range, accompanied by further narrowing of the channel, gradually reducing the range, which provides good operational space for both bulls and bears in the short term.
On the hourly chart, the previous structure was a one-sided downward trend, and after a rebound, it is oscillating near the middle line, with momentum clearly lacking. It will be difficult to recover the previous losses in a short time, and a direction will be chosen after horizontal adjustment in the short term.
In the afternoon, we will first look for a short-term pullback with a target at 102500; if broken, we will look at the lower track on the four-hour chart. Subsequently, we will plan to enter long positions.
For the daily market, consider going long at 102500 for the main coin, aiming for 104500; for the altcoin, consider going long near 2480, aiming for 2580.
