Reviewing Saturday's market, Bitcoin's price pulled back to the low of 103800 in the morning on Saturday before rebounding. Throughout the day, the price of Bitcoin demonstrated a continuous upward trend, although there were minor pullbacks along the way, the magnitude of the pullbacks was not significant and did not alter the bullish trend. The bullish strategy we proposed at noon also proved to be valid. Bitcoin's price reached a high of 105758. Ethereum's intraday movement was basically in sync with Bitcoin. After pulling back to the low of 2455 in the morning, it bounced back. The intraday high touched 2524.

From the current market analysis, the overall market on Saturday is still showing a range-bound operation. Compared to previous Saturdays, today's performance is quite remarkable. Although there was a spike last night, it fell back and closed lower at midnight, indicating that the one-sided market is still lacking momentum. On the four-hour chart, the repeated pattern of dipping and rising is being played out, with the low points stabilizing and slightly moving up. However, the resistance at the high points remains solid and unbroken, making it difficult to find sustained upward movement in the short term. The midnight strategy maintains a volatile outlook, focusing on shorting during the rebound.

Trading Suggestions

Short Bitcoin near 105700. Target 104500

Short Ethereum near 2520. Target 2450#加密市场回调