The Saturday market continues to be influenced by black swan events, with hidden fluctuations amidst the volatility. The daily chart shows that the weekend is an invisible battlefield for the tug-of-war between bulls and bears. In the early morning trading, the Bitcoin short position entered at 115288 and exited at 112763, gaining 2525 points; Ethereum opened short at 3603, earning 153 points. Trading is unpredictable; the scary part is being afraid to act after a loss or being deterred by fluctuations despite seeing the right direction. It’s about the courage to get back up after a fall; no matter how cold the market is, there will always be opportunities for a turnaround.
During the day, Bitcoin showed narrow fluctuations, approaching previous lows in the evening, revealing downward pressure. The daily chart has five consecutive bearish candles, and the moving averages are arranged bearishly, clearly indicating weakness. Although trading activity decreased over the weekend and the trading volume did not increase, the price center has shifted downwards, and continuous bearish closes have consolidated the adjustment trend. On the hourly chart, after a volume increase that tested the previous lows in the evening, there was a brief bullish resistance, but the rebound lacked volume support and was insufficient in momentum, making it difficult to change the trend. If it breaks the previous low again, resistance may weaken, making the downward movement smoother.
Sunday midnight trading suggestions:
Short Bitcoin in the range of 113000-113500, with a target of 111000.
Short Ethereum in the range of 3450-3480, with a target of 3250.
