Sunday Morning Thoughts

Entering the cryptocurrency contract market is like navigating a warship through fierce winds and giant waves. Every second of heartbeat fluctuates with the market trends; it is a passionate battlefield for dreamers and strategists. Do you dare to take on the challenge?

The four-hour level shows that the market is still consolidating between the middle and upper bands of the Bollinger Bands. Long and short positions are intertwined but have not exited a larger range. The MACD indicator's dual lines are adhering above the 0 axis. Given that the overall trend remains within a fluctuating range, combined with the gradually lengthening time of sideways consolidation, it is clearly a method of time-for-space correction. From the one-hour level, the market retreated after testing the upper resistance without success and is currently showing a two consecutive bearish trend. However, the overall market still maintains a cycle within the box. Considering that the volatility of the weekend market is not significant, the morning operations should mainly focus on high shorts and low longs.

BTC: Short near 107300-107500, target at 106000

ETH: Short near 3900-3920, target at 3830