The market on Saturday has also ended, just as we said, maintaining participation within the range is sufficient. On Saturday morning, the price of Bitcoin touched the resistance level at 106,173. Throughout the day, the price has been in a downward trend. However, the decline has not resulted in a break or continuation. Ethereum also showed a downward trend during the day, with a daily low touching 2,486. Currently, the price has warmed up to around 2,510.

In the current volatile market, after a period of weak rebound, the price will enter a phase of adjustment and correction. This correction usually takes two forms: one is time correction, trading time for space, which is commonly referred to as consolidation; the other is to build energy for new upward movements through pullbacks. Currently, the price is first undergoing time correction through consolidation, then pullbacks to complete the adjustment, and subsequently continue the upward rebound to recover. The low points of the short cycle can still be seen as support for entering long positions, and according to the expected strengthening pattern, a second bottom test will not break the previous low. Late at night, it is still possible to look for long positions.