🚨Weekend BTC/ETH Market Quick Report🚨
🔶This week has been a steady rise, and we basically have captured most of it. However, the recent market has been fluctuating back and forth within a range, and the pattern hasn't changed much. Yesterday's long position near 2395 only dropped to around 2387 before rebounding to the current price of around 2425, with only a mere profit space of over 30 points. For Bitcoin, the long positions near 106800～106600～106100 yesterday saw a minimum drop to around 106320, and it even peaked at around 107660. Typically, weekend market fluctuations are not too large, so it is recommended to reduce positions after reaching the profit target for long positions and continue to hold. For Bitcoin, focus on reducing positions near 107800 after changing to break-even stop loss, and for Ethereum, focus on reducing positions near 2450 after changing to break-even stop loss. If you're out of positions, you can continue to monitor the support levels below and participate in another low long.
🔶$ETH The daily price level continues to drop back into the bullish cloud. The current cloud top near 2450 is under pressure, and the extension line is also under pressure. The four small market turning lines near 2420 are receiving slight support, and the top of the cloud near 2395 provides linear support, along with extension support near 2360. The upper pressure levels are 2450～2509～2612. In terms of operation, it is suggested to return to support and possibly bet on a low long.
🔶$BTC Overall, the trend remains relatively strong. The indicators in the attached chart all show signs of continuing to rise. Support is around 106850, 106500, and 106000. Long positions can continue to focus on these levels for speculation, targeting the upper pressure levels: 107800～108350～108900～110700. It is recommended to reduce positions and secure profits once reaching the target.
⚠️All the points above are conclusions drawn solely from market charts and technical indicators. There may be real-time fluctuations and news impact, leading to point deviations: Bitcoin 100 points deviation, Ethereum ±5 points deviation. This is purely personal opinion and for reference only. Profit and loss are at your own risk!
