Sunday, Bitcoin Intraday Perspective Analysis
The market remains weak over the weekend, with a drop in the early morning and a lackluster rebound. The violent movement on Friday night caught many off guard, but currently, the continuation is not as promising as imagined. The fundamentals of the bull market have not changed, making it difficult for prices to experience consecutive large drops.
However, the situation in the Middle East has not eased, and the ticking time bomb is always present, so recent operations may be a bit more complex. Everyone should pay attention to risk control.
From a technical structure perspective, after a rapid drop in the early morning, there has been a certain rebound, and a long lower shadow has been formed. The hourly chart has begun to stabilize, and in the short term, the low point of this early morning spike can be seen as support, so the rebound should not be a problem.
Sunday Suggestions
Buy Bitcoin at 102,000 directly, target 3500
Buy Ethereum at 2280 directly, target 2350
Get on board, just need one week! If you don't understand the trend and can't handle short-term trading well, pay attention to hands-on teaching!
