Saturday morning, the weak pattern has no strength to rebound, go short first
Overnight, Bitcoin continued the weak downtrend from yesterday to the 93,500 level and then rebounded to around 94,800. After that, the market once again entered a narrow range of fluctuations, currently the coin price is running around 94,300.
In the 4-hour chart, the coin price is alternating between long and short below the middle track, and no effective continuation action has been seen so far. In the short term, it is still in a box fluctuation rhythm. Considering the weekend is clear, the likelihood of a one-sided move is small, so the operation should focus on participating around pressure and support.
Bitcoin is short around the 94,500-95,000 area, with a target focus on the 93,500-93,000 range. If it doesn't continue downwards, go long on the reversal.
Ethereum is in the 3,300 area, with a target focus on the 3,350-3,380 range.
