This weekend, BTC is oscillating within a narrow range on the 4H chart. There was just a downward breakthrough, but now it has returned to the range, which could likely be a turning point. I entered some positions in ENA at the 0.883 level. ENA has actually been quite weak in the past couple of days, weaker than DOGE and ADA. However, this is consistent with ENA's past performance, which has shown significant volatility.

The main reasons for entering the market additionally are two:

  1. Compared to BTC, it hasn't broken the support level of 91,000. Since it hasn't broken, we trade within the range. The same applies to ENA, after all, it hasn't broken the 0.85 level.

  2. After the recent decline, there have been frequent negative news reports. A large drop accompanied by bad news is a typical washout tactic, aimed at forcing retail investors to hand over their chips.

BTC 4H

BTC$

ENA$