Weekend Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

The saying goes, 'History does not simply repeat itself, but patterns always guide us in the dark.' This is equally true in the cryptocurrency world. Although each market cycle has its unique characteristics, the underlying patterns and logic can be traced. Through in-depth research and rational analysis, we can find the right direction amidst the waves of the cryptocurrency market.

First, let's take a look at today's market trends. This weekend morning, the Bitcoin price dipped to a low of around 103860, after which bulls pushed the price to experience a slight rebound, peaking at around 104700 before encountering resistance. The Ethereum market moved in sync with Bitcoin, with the price dipping to around 2495 this morning before stopping the decline and then starting to rebound, reaching a high of around 2529 by noon.

From the current technical analysis of the market, on the four-hour level, the market is in a state of three consecutive bearish candlesticks retreating. Although the bearish candlestick bodies are relatively small, the overall trend remains within a downtrend channel, clearly showing a weak oscillating pattern. Looking at the one-hour level, after experiencing a rebound with three consecutive bullish candlesticks, the bearish forces launched a two consecutive bearish candlesticks retracement. At this time, the MACD indicator value is close to 0, and the Bollinger Bands are gradually narrowing, further compressing the price fluctuation space. Overall, the price has not broken through the high of 105000, nor has it lost the support of 103000, forming a relatively obvious oscillation range. Therefore, in the afternoon trading, we mainly adopt an oscillation strategy, employing a point-based trading strategy to short at high prices and long at low prices.

Trading Suggestions

- Bitcoin: A short position can be established around 104800, with a target towards 103000.

- Ethereum: A short position can be taken around 2530, with a target price of 2460.

Investing in the cryptocurrency market involves both risks and opportunities. The above trading suggestions are for reference only, and everyone must trade reasonably based on their own risk tolerance. #中心化与去中心化交易所 #交易类型入门 #FTX赔付 #特朗普媒体科技集团比特币财库 #PCE数据来袭