$ETH
Indeed, during the weekend, market volatility was very low, fluctuating back and forth within a thousand points, with Bitcoin generally in a slow recovery trend. This morning, after spiking up to 79,145 and facing resistance, it pulled back and is now hovering around 78,700 within a narrow range. Yesterday, our strategy clearly indicated a retracement buy-in approach, with long positions placed around 78,000. In this small-range oscillation market, we successfully captured a 800-point profit margin. The overall market rhythm is basically in line with expectations, only the volatility pace is slower, and holding positions requires more patience. In such a market, you must be patient and steadfast; don’t hesitate to enter during hours of oscillation, and when the market swings significantly, you’re afraid to act. If you hold this mindset, the only one who will ultimately suffer losses is yourself. Today’s outlook remains unchanged: wait for retracements to continue buying low, as Monday’s market is likely to explode, potentially breaking through the 80,000 level!
From the overall market structure, the current trend still maintains a range-bound tug-of-war pattern, with lows not effectively broken and highs not yet moving higher, and the oscillation structure continues. In the short term, resistance above is clearly present, and retracements have some strength, but the overall higher-level bullish trend remains unchanged. Do not blindly position against the trend with short positions. Operation-wise, patiently wait for the retracement to stabilize, then buy on dips mainly. The four-hour chart has entered a Bollinger band narrowing consolidation phase; once the range oscillation further tightens and gathers strength, the market is likely to see a strong bullish surge. Today’s overall trading strategy remains focused on buying during retracements.
Sunday morning Bitcoin: buy around 78,000, target 80,000
Sunday morning Ethereum: buy around 2310, target 2400