The weekend did not provide much analysis of the market, but friends, whether they are real-trading students or those who have not joined, have all been given direction upon inquiry. The direction and stop-loss levels depend on the individuals themselves. The bullish outlook remains as long as we do not break the 100,000 mark. This also aligns well with the weekend market. As of Friday night, the market tested the bottom support around 92,000, rebounding after finding support and recovering to the 99,000 mark before coming under pressure. The current price has retraced to around 96,000.

Looking at the current trend, the market has not regained the 100,000 mark after peaking and falling back. The 4-hour chart is under pressure with the middle Bollinger Band continuing to decline, and the price range is gradually moving down. I have previously analyzed that the 90,000 mark is a strong support level for the larger cycle. As long as it does not break, the bull market is not over, and there is still an opportunity for a rebound. The recent pullback is mainly due to news and the ETF cash-out rate reaching a recent high, with a significant outflow of market funds leading to this correction, which is clearly a normal sign. However, whether this pullback has ended is not evident over the weekend, especially with the market slowing down and no U.S. stock market opening to drive the trend. It is clearly problematic to judge the major trend under these circumstances. From the perspective of pressure on ideas, we will temporarily maintain a bearish outlook, focusing on support near the lower band before looking for a chance to rebound.

You can short Bitcoin at 97,300~97,700, with a target around 95,000. You can short Ethereum at 3,410~3,450, with a target around 3,270. #加密市场盘整 #萨尔瓦多增持BTC $BTC $ETH