On the trading path in the cryptocurrency world, success has always been accompanied by a background of loneliness. The long wait is to prepare for the next market explosion. Weekend trading is like this, constantly wearing down people's patience. On Saturday, after a pullback to 116788 in the major cryptocurrency market during the early hours, there was a rebound to around 118456. During this period, we also seized this rebound, arranging for students to enter the market at around 116907, successfully taking profit at 118000 for a gain of 1093 points. Afterwards, the market fell into a range-bound fluctuation. Similarly for Ethereum, we also arranged for students to enter the market in the morning, successfully capturing a gain of 80 points.

From the daily chart perspective, the market is currently running near the upper band of the Bollinger Bands, continuously testing the upper band’s resistance capability. As the weekend approaches, the market is highly likely to enter a range-bound adjustment. After accumulating momentum, a breakthrough to new highs is expected next week. The four-hour chart shows that the price is hovering near the middle band of the Bollinger Bands, while the three bands are gradually closing. This pattern indicates that the short-term market will fall into a range-bound fluctuation, with both bulls and bears temporarily balancing in strength. On the hourly chart, although the market is at the lower band of the Bollinger Bands, there are many successive wicks appearing below, directly confirming that the bearish pullback is being hindered—the support level below is strong, making it difficult for bears to pull back significantly, while the bullish trend is gradually recovering lost ground. In conclusion, based on multi-timeframe analysis, the weekend market is likely to primarily experience range-bound fluctuations. For positioning, it is recommended to continue a high sell low buy strategy, focusing on key support levels to position long trades, capturing structural opportunities during the fluctuations while also managing risk, preparing for potential breakout trades next week!

Sunday trading suggestion: Major cryptocurrency around 117500, target 119000

Sunday trading suggestion: Ethereum in the range of 3530-3500, target 3650

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