The market conditions over the weekend remain subdued, with the overall market maintaining a range-bound operation. The overall volatility is around a thousand points. During the day, the price of Bitcoin reached a high of 107,538. Ethereum's performance is relatively strong, with a slight increase during the day, peaking at around 2,447.

The overall trend over the weekend is also relatively stable, with both long and short positions lacking significant continuation, and the overall market has returned to a sideways consolidation. The daily structure has faced multiple downward movements but has been supported by the lower boundary, providing some rebound space. Overall, it is in a phase of accumulation. We still treat the current formation as a corrective pullback; the larger cycle's upward trend remains unchanged. It is just that the previous round of correction did not allow the bulls to accumulate enough strength, necessitating another retest, essentially a second correction. After the completion of this correction, the upward momentum will continue. This round of retest is also generally in line with our expectations; we can participate in buying on the dips around midnight on Saturday.

Trading Suggestions

Buy Bitcoin at 106,800 with a target of 108,000.

Buy Ethereum near 2,400 with a target of 2,480.