Cryptocurrency Market Analysis and Operation Guide on Saturday

On this special Saturday, the cryptocurrency market enters a phase of consolidation and accumulation. Due to the weekend effect, market trading activity is limited, and volatility is compressed. The overnight market is likely to continue its indecisive seesaw pattern, requiring time to create space to break the current deadlock. In this situation, accurately grasping key levels becomes the key to operations. Short-term trading should avoid blindly chasing prices, as it can easily lead to profit retracement issues.

BTC Market Analysis and Strategy

From the daily chart perspective, the bullish pattern of BTC remains solid. After several consecutive bullish closes, it shows a sideways consolidation and upward trend. However, the volume has not effectively expanded simultaneously, which is a potential factor limiting further upward movement. The next two days will be a focus for observation, paying attention to whether the bulls can effectively gather strength to break the consolidation pattern. If a breakthrough is successfully achieved next week, BTC is expected to rise above the $110,000 mark again. For short-term operations, long positions can be initiated around $107,000 to capitalize on rebound profits; if the price encounters resistance around $108,500 and fails to break through, consider reversing to short positions to seize opportunities in the range.

ETH Market Analysis and Response

ETH's recent performance has been somewhat turbulent, quickly retreating after a brief surge to $2,520, with gains fully retraced within a day. It is worth noting that the $2,400 support level has shown strong resilience. As long as this key support is not effectively broken, it can be used as a reference point for long positions. If the price retraces in the afternoon, decisively enter long positions, targeting the previous high region while remaining cautious in operations, avoiding excessive greed.

Consolidation markets resemble a game of patience, where only precise timing can yield profits within limited volatility. The essence of trading lies in persistence. Knowledgeable partners are always welcome to discuss market trends and explore opportunities together!