Saturday, the fluctuation is slightly bullish, and the short-term remains within the range!
Yesterday, the Bitcoin price maintained a range-bound fluctuation, and this morning the bulls attempted to break upward. Although the high point has risen, the strength is still lacking. While the fluctuation range has moved upward, it continues to remain within the fluctuation category in the short term.
On the daily chart, Bitcoin's price closed with a small upward candle, stabilizing above the MA5/10 day moving averages. Although it is currently in a range-bound consolidation, the trend is still in a bullish structure. The short-term 4-hour pullback action is minimal. The previous mention of the MA30/60 day moving averages at around 9.9 has still not been retested. Currently, the price is stabilizing above the 100W key point, and there has already been an upward pressure action in the morning session. If the price can stabilize above 102,000, Bitcoin may welcome a new round of increase.
From the daily chart of Ethereum, the price is also above the MA5/10 day moving averages. Although the last two days have closed with upper shadows, approaching the 4,000 USD mark, the short-term pressure still cannot assist in breaking through 4,000 USD. Pay attention to whether there will be an opportunity for a follow-up increase. On the 4-hour chart, the short-term rebounded at around 3,960 but faced resistance, with support at around 3,900.
During the weekend, the possibility of sharp fluctuations is low. In terms of evening strategy, the short positions entered around or above 102,000 can continue to be held, with attention on the 101,000 level below. If the pullback stops, it can be reversed to go long once again to continue watching for a wave rebound. Regarding Ethereum, for now, it is primarily about running short-term within the 3,800-4,000 range. If the price can stabilize above 4,000 later, decisively enter long positions to see the price refresh its high point.
