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

The overall trend over the weekend is also relatively calm, with both bulls and bears lacking a certain degree of continuation, returning 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. Regarding the current pattern, we still treat it as a correction and pullback. The long-term upward trend has not changed; it’s just that the previous round of corrections did not allow bulls to accumulate enough strength, requiring another pullback, essentially a second correction. After completing the correction, it will continue its strong momentum. This round of pullback is basically in line with our expectations; we can participate in low buys on Saturday midnight.

Trading Suggestions

Buy Bitcoin at 106,800, target 108,000

Buy Ethereum near 2,400, target 2,480