Happy Saturday! Let's briefly talk about the weekend market!
Tonight, the market mainly rebounded, reaching a high of 2585. Everyone knows this level; the short opportunity given yesterday violently rebounded to the 2665-2719 range to look for a chance to increase shorts! Alternatively, a second assault in the early morning or a small double top for shorts could be formed in Saturday's morning session!
After touching 2585 in the early morning, it quickly dropped in volume, forming a downward trend until 2:35 AM, falling to 2508, and creating a small double bottom rebound to 2582 in the morning session. This rhythm is basically consistent with last night's live broadcast, aligning with the weekend strategy. The first wave of assaults in the evening often leads everyone to look for the first wave of pullback for a chance to touch the peak again, as well as the shorts from the peak in the early morning and the small double top shorts in the morning. These are all major rhythms under volatile market conditions, and the success rate is relatively high! Those who often listen to live broadcasts and watch video analyses should be quite familiar with this rhythm!
BTC successively touched the two levels of 104757/106732, and in the morning session, even hitting 106132 twice, now retreating to consolidate around the 105400 line!
In short, after partially taking profits on the first wave of highs on Friday, the remaining position still has not hit the break-even loss and can continue to hold!
On Saturday, you can consider taking a long position in the evening for the rebound, and on Sunday morning, consider a small short for the small double top on the high. On Sunday evening, deep squat longs can aim for a high short!
BTC focus
Support: 100305/98500/96500
Resistance tentatively set at: 107507/109465
The key level right now is 103055/104757, and we have reached this familiar node again!
ETH focus
Support: 2403/2343/2285/2215
Resistance tentatively set at: 2627-2665/2719
Yesterday's first resistance level of 2585 has been accurately touched, now consolidating around the 2555 line. Pay attention to the strength at the key levels of 2542/2510!
Weekend operation suggestion: The weekend market becomes more stable due to weaker liquidity, making it suitable for small spaces, and you can even consider slightly increasing your position. Profit expectations should be lowered, but weekends are still quite fun!
The strategy points from Friday that were not touched are still valid today. I will make slight modifications and update everyone shortly!
Keep an eye on the support and resistance levels over the weekend; when the opportunity arises, take action!
Last night's 5-minute level 12345 strategy's fifth wave showed rebound expectations. Today, you can pay attention to the buying points of the 15-minute 12345!