Weekend Market Highlights Analysis
BTC market is currently at a four-hour level without a direct breakthrough and stabilization at the 110 position line. The four-hour chart is still in a bottom consolidation phase. Based on the current trend, the support below is still in the 108-109 range, which is also considered a zone for a long position layout. The first resistance position above is initially looking at the area near 111. After a breakthrough and stabilization, the focus will shift directly to the 113-114 mid-resistance position. Once this position breaks and stabilizes, according to right-side trading principles, the subsequent space will open up, and the market will begin to move in an upward channel, targeting the 118-122 range.
ETH at the four-hour level should also focus on the support defense position in the 3800-3900 range. The four-hour level rebound appears to be stronger than BTC. Based on the current trend, the day-level support defense should focus on the 3950 area. The first target above is initially focused on the 4180-4250 range, and subsequently, the 113-114 range of BTC will directly focus on the 4300-4350 range. This also belongs to the mid-resistance position in ETH's subsequent market. After breaking and stabilizing, according to the right side, one can directly look at the 4800-5100 range. $BTC