Friday night's prices continued to rise, and Ethereum surged strongly over the weekend, breaking through previous strong resistance!

The short position strategy we shared early Saturday morning saw Ethereum slightly pierce our short position defense this morning. The Bitcoin short position is still being held, remaining near the opening price of the initial position.

From the daily chart perspective, Bitcoin and Ethereum have stabilized above the middle track on the daily level. Bitcoin is currently under pressure from the daily MA30 moving average and is caught in a consolidation, while Ethereum has stabilized at the middle track and the price continues to rise, approaching the upper track.

The MACD bullish momentum bars on the daily level have begun to expand, and the strong surge over the weekend caught us off guard. However, the movement on the Bitcoin side appears slightly weak. Considering that the retracement after the rise is not significant, and the daily level has also begun to rebound, there is still the possibility of a second peak and a补涨 (catch-up rally).

For those who are more cautious, you can pay attention to the resistance levels above Ethereum at 3710-3760, which correspond to the four-hour upper track and the daily upper track resistance. You can consider trying short positions with a light position at these two points. As for Bitcoin, you can hold and observe the resistance situation above, with the replenishment point and defense remaining unchanged. Just control your position well!