Analysis of early trading ideas for Bitcoin and Ethereum on Sunday, the weekend nodes are oscillating and transitioning, breaking and standing, no breaking, no standing
Yesterday the market ushered in a rest period, and the overall intraday volatility was only a few hundred points, which is more in line with our expectations. The daily line closed flat after rushing high, and broke after horizontal extension, correcting the transition by exchanging time for space, giving the bulls some time.
There will be no major news announcements at the end of September. Except for the return of CZ, it is basically a blank period. I believe that the return of this big boss in the circle will also boost a wave of increases. There are two more interest rate cuts this year, which is a proper bull market.
Overnight sideways correction, the bears did not step back further, but stabilized at the 63,000 line, which is a good signal. Although the volatility of the weekend node is not large, there is still a small space for profit if the point is well located. Patiently wait for the break after the space converges.
Bitcoin 62500-62800 area long, 63700-6400
Ethereum 2550-2580 area long, 2670-2700
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