The market on Saturday may fluctuate or may be calm, but your mindset need not dance along with it. The market is always changing, and what your strategy needs is calmness, not chasing. The ups and downs are just the market's breathing; don't let short-term fluctuations disrupt your rhythm. Bitcoin rebounded from a low of 116700 to 118300 before facing pressure and retreating, while Ethereum surged to the 3600 mark before pulling back to around 3573. The current market shows that the integer levels of 118300 and 3600 form significant resistance, with multiple attempts to break through failing, indicating a short-term exhaustion of bullish momentum. If a strong breakthrough does not occur before the European trading session, it may confirm a phase top and initiate a technical correction.
From a technical perspective, the volume during the rebound gradually shrank, especially during the midday surge where there was no volume support, indicating insufficient follow-through buying. At the same time, the 15-minute RSI and MACD show a top divergence, suggesting that Bitcoin around 118300 and Ethereum near 3600 may form a double top structure. If it breaks below the morning's starting point of Bitcoin at 117500/Ethereum at 3520, the correction space will further open up.
In terms of operations, aggressive traders may consider lightly shorting near the current price of Bitcoin at 118300/Ethereum at 3580, with a stop loss placed above the previous high, targeting the support area of 117200/3540. It should be noted that the market is still in a volatile pattern.
