From the current market situation analysis, yesterday's Bitcoin experienced a price surge followed by a pullback, indicating that it still faces significant resistance in its upward climb. As it is the weekend, market trading is relatively light, making it quite challenging to break through the existing consolidation pattern in the short term.
Recently, Bitcoin has attempted multiple upward breakthroughs but has not achieved decisive results, subsequently entering a correction phase. Observing the four-hour technical charts, it can be seen that it has reached the lower edge of the downward channel, although the key integer point of 100,000 shows a certain degree of support stability. Based on this, on Sunday, our trading strategy will continue to act flexibly according to the upper pressure levels.
Trading Suggestions
Bitcoin: Short around 102800, target 101500
Ethereum: Short around 3950, target 3780