Happy weekend, today is Sunday. Let's take a brief look at the market. After two days of shrinking trading volume, Bitcoin yesterday retraced down to around 114510, hitting the 0.786 support level. The strategy yesterday was too aggressive, exceeding the expected stop loss. Today's market is safer. Looking at the 4-hour level, the trading volume hasn't changed much; there hasn't been a significant increase during the decline. Currently, the stage is flat, and the next step is to wait for another increase in volume. In the SKDJ, the slow and fast lines around the fifty are close together but have not formed a death cross; the golden cross remains valid. The resistance above is at 116714.7-118076.8, and the current price still allows for an attempt to enter long positions, with a stop loss below 114500.
Ethereum still shows a strong trend, diverging from Bitcoin. After retracing to 4662, it is steadily moving upward. At the 4-hour level, the trading volume has clearly weakened from increasing to sluggish, but the price is still pushing forward. Everyone should be cautious; the volume and price are not in sync, which still needs to be monitored. Now, this 4-hour K-line looks like it could close as a bearish or bullish candle. If it closes bullish at 12 o'clock, one can directly enter long with a 1% stop loss. The resistance level above is at 4950.22. If it closes bearish, wait for a pullback to around 4715 before considering entering long.
