Sunday Market Analysis and Trading Suggestions
The market over the weekend has been overall fluctuating, consistent with the trend given in the morning session. It first declined and then rose, but the rise could not break through 99,000, so we can only say it is a high-level fluctuation. However, yesterday Ethereum provided a signal at the 3,570 line, with a minimum pullback to 3,572 and a maximum rebound reaching the 3,672 line, which still yielded good profits.
In terms of intraday performance, in the case of weak pullbacks, it remains a strong bullish market. Although Bitcoin did not show much increase, the altcoin sector can be said to have risen broadly, which to some extent has driven the movement of Bitcoin. Additionally, from a technical structure perspective, Bitcoin's rebound has already broken through the pressure area of the daily mid-track, and under the condition of top-bottom conversion, the mid-track serves as a bullish support point!
Intraday, continue to pay attention to the 97,300-96,500 area for trading signals.
For Ethereum, focus on the 3,570-3,540 area for trading signals.
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