Weekend Market Analysis and Trading Suggestions
The market fluctuations have intensified over the weekend, with Bitcoin touching 99600 at midnight before retreating to around 98500, currently trading near 98600; Ethereum retraced from a high of 3325 to 3267 and then quickly rebounded, currently stabilizing around 3351.
From a technical structure perspective:
Four-hour level: Bitcoin bullish volume has decreased, with support level at 98000 and resistance level at 99600. One-hour level: Bitcoin bearish volume has increased, with short-term support at 97800 and short-term resistance at 99000.
Trading Suggestions:
Bitcoin (#BTC☀ ):
Consider entering long positions when it retraces to the 98300-98000 area, targeting 99000-99300.
Ethereum (#ETH🔥🔥🔥🔥 ):
Light long positions when it retraces to the 3335-3315 area, targeting 3375-3400.
Maintain stable operations, manage positions reasonably, and guard against weekend volatility risks.