With the lukewarm trading volume and the market gradually pulling back over the weekend, it is cooling down the market that surged continuously last week.
After dropping due to news on Friday, Bitcoin started to oscillate around 108000.
From early morning to morning, Bitcoin pulled back by 2000, reaching a low of around 106729. In the morning, there was a brief recovery around 108400; currently, the hourly level still shows some resilience, but the four-hour MACD is still diverging below the horizontal line, indicating that the market is still testing the support below. In the short term, a range of 105800-109300 is forming, and a sideways movement is expected.
On the Ethereum side, it is generally oscillating between 2500-2600,
The four-hour chart is still moving downwards for a pullback.
Over the weekend, first watch to see if the lower support of 105800/2480 breaks; if it breaks, a deeper pullback will occur. If it can stabilize and oscillate within the range, then there is hope for an upward movement next week.
Today, Yumi mainly focuses on buying low and selling high for short-term trades, suggesting a quick entry and exit. In the afternoon, it is recommended to short a wave first.
Bitcoin 108000-108300 short with a target of 106500.
Ethereum 2560-2580 short with a target of 2520.
