Recently, the trading atmosphere of Bitcoin (BTC) has become relatively calm, with prices continuing to oscillate within a narrow range. This market characteristic is common during weekends, where the likelihood of significant volatility in the short term is low due to reduced market activity. For the weekend trading environment, it is recommended to adopt a short-term trading strategy, flexibly grasping entry and exit opportunities, and promptly following market rhythm changes.
From the hourly technical analysis, Bitcoin's price is currently fluctuating near the lower Bollinger Band, but has not yet formed an effective breakthrough, indicating that the lower support level has strong resistance to declines. Combining this with market trends, bullish forces still dominate. Therefore, evening trading can prioritize a strategy of buying low and selling high, while strictly setting take profit and stop loss points. Given the current low market volatility, it is advisable to closely monitor market changes to improve trading execution efficiency. Ethereum (ETH) has a high correlation with Bitcoin and can be operated under the same strategy.
Specific trading reference points:
Buy Bitcoin near 105,000, with a target price of 106,500.
Buy Ethereum near 2,530, with a target price set at 2,650.
It is particularly important to remind that the cryptocurrency market is influenced by multiple factors such as policies and news, and price fluctuations have significant uncertainty. The above analysis is for reference only; trading decisions should be made cautiously in conjunction with one's own risk tolerance.