Saturday, High-level Fluctuation, Short First Then Long

A new day, good morning everyone, it’s the weekend, and I wish you all a pleasant weekend! Overnight, Bitcoin surged strongly, with the price peaking around 99,000 before facing resistance and experiencing a slight pullback. Ethereum followed the trend of Bitcoin, breaking through the 3,600 mark, and the strong upward trend once again verifies our low-level strategy. Currently, the price is fluctuating at a high level.

On the daily chart, the price has closed with consecutive bullish candles for several trading days, steadily moving upward and further showing signs of a bullish rebound. Currently, the candlestick is standing above the middle track, and if it can maintain this position, there will be a high probability that the price will rise to 100,000 again. At present, the price is fluctuating at a high level, and it is not advisable to chase blindly; coupled with the weekend, market liquidity is reduced, and volatility will shrink. The strategy should not focus on a unilateral trend but rather observe the market's pullback actions before buying after support is established.

In the morning, Bitcoin is looking for a short position around the 98,500-99,000 range, watching the 97,000 area. If it doesn’t continue downwards, we can reverse to long.

Ethereum is looking for a short position in the 3,610-3,620 area, watching the 3,550-3,520 range.

During the weekend phase, the trend is generally slower, so everyone needs to be patient. Good luck to all! For those who want to trade short-term but lack direction, I’m always here, let’s go together!