The weekend Bitcoin battle has intensified, with an oscillation of 800 points back and forth. Yesterday morning, I provided a hint at 117800 for Bitcoin, and the price was repeatedly pushed back after touching this level. Short-term opportunities for Bitcoin can be directly maximized, and not being greedy is all profit. In contrast, the Ethereum has been relatively weak, testing the 4480 resistance twice before falling all the way down, reaching a low of around 4370, giving a range of over a hundred points. If yesterday, one executed according to the direction and points I gave, earning profits would be as easy as eating and drinking water, right?
From the current perspective, Bitcoin's trend has further weakened compared to yesterday. This is not only reflected in the price position but also in the hourly chart showing a continuous series of bearish candles. During this period, there was a significant bullish candlestick with increased volume, indicating that the upward momentum has been exhausted, and a second retest pattern is basically confirmed. From the four-hour chart, Bitcoin's step-down characteristics are particularly prominent, with the price in a stage of consolidation. The central point of the oscillation continues to move downward, and there is still an expectation for further downward exploration. Therefore, on Sunday morning, we maintain our strategy for Bitcoin unchanged, looking for opportunities to go long.
Bitcoin: 117600~118000, support at 116600. #加密市场回调 #山寨季何时到来? $BTC $ETH