Looking back at yesterday's daytime market in the cryptocurrency space, success has always been accompanied by a background of solitude. The long wait is to prepare for the next market explosion. Weekend markets are like this, constantly testing people's patience. On Saturday, the Bitcoin market retraced to 116788 in the early morning before rebounding to around 118456. During this time, we also seized this rebound, arranging for students to enter at 116907, with a take profit at 118000, successfully capturing a profit of 1093 points. After that, the market fell into range-bound fluctuations. Similarly for Ethereum, we also arranged for students to enter in the morning, successfully gaining 80 points of profit.
Daily level: The price is running near the upper band of the Bollinger Bands, continuously testing the pressure of the upper band. Affected by weekend liquidity expectations, the market is likely to enter a range-bound adjustment phase, and we need to wait for the volume to gather strength before hoping for a new upward breakout next week. 4-hour level: The price is consolidating in the middle band of the Bollinger Bands, with the three bands converging, indicating that short-term bullish and bearish forces are tending to balance, and the market will mainly be range-bound. Hourly level: Although it briefly dipped to the lower band of the Bollinger Bands, the appearance of consecutive lower shadows indicates that the bearish pullback momentum is blocked, and the support below is effective, making it difficult for bears to form a deep pullback, while bulls are gradually recovering lost ground.
Sunday trading suggestion: Bitcoin around 117500, target 119000.
Sunday trading suggestion: Ethereum in the range of 3580-3560, target 3750.
