ETH experienced a significant drop last night without any negative news, breaking the previous low of 2433. A three-wave downward pattern has appeared on the daily chart. BTC's decline was smaller, and the three-wave downward pattern has not yet emerged; we will see if it appears next week, possibly starting to rally after one or two days of bottoming out.
Currently, it seems that the change in trend mentioned yesterday is starting today. ETH is expected to see a weak rebound after the golden cross on the 4-hour SKDJ, with resistance in the 2465-2490 range. The weekly closing is likely to be above the MA200 moving average at 2450, as it has been closing above the MA200 for several consecutive weeks.
On the daily and 4-hour charts, we will see if it is a second probe or a direct rise. For BTC, we will see if the second probe can break the previous low of 100300, which would then trigger a three-wave downward pattern. The probability of a downward move on Monday is high, with the weekly chart showing a correction wave of three candlesticks.
For those who entered the market in the morning, pay attention to the resistance above. For those without positions, it's best to watch or make small trades to test the waters, waiting for potential second probe opportunities.
