Saturday Afternoon Silk Road:

The morning market has been mainly fluctuating. The price of Bitcoin surged to around 98,900 last night and then saw a retracement. It is currently fluctuating around 98,000. The altcoin is also in sync with Bitcoin, and due to the weekend, there hasn't been any continuation on either side.

From a technical perspective, the current trend is extremely complex. This week, Bitcoin and the US dollar have risen in tandem, but the momentum is clearly lacking. The major players are also operating cautiously, taking one step at a time. When the market has not formed a unified view, the major players have room for control and manipulation.

From a technical standpoint, the market trend does not show continuity, with large ups and downs and no discernible pattern. This rebound has average volume and is not a strong one-sided move, indicating that the overall demand is not particularly strong. Such low-volume rebounds can still be quite fragile when faced with supply. This kind of market condition is particularly suitable for short-term trading.

Saturday Afternoon Trading Suggestions:

Bitcoin: Short around 98,300 with a short-term target of 97,000

Altcoin: Short around 3,610 with a short-term target of 3,550