Market analysis on Saturday shows that tonight the Crypto Assets are exhibiting a Rebound trend, with a peak reaching 2585. The trading opportunities mentioned yesterday appeared during the Rebound in the 2665-2719 range, suitable for higher trade volumes shorting; it can also be entered during the second surge in the early morning or when a small double top forms during Saturday's early session.
The market quickly fell after reaching 2585 in the early morning, forming a clear downward trend, dropping to 2508 at 2:35 AM, which created a small double bottom pattern with the earlier night market. It then rebounded to 2582 in the morning session. This trend basically aligns with the weekend market rhythm analyzed last night. During weekend trading, investors often look for second peak opportunities after the first wave of pullbacks, as well as the downward space after the early morning high, and shorting points after the formation of a small double top in the morning session. These are relatively reliable trading rhythms in a volatile market, with a relatively high success rate.
BTC has successively reached two key positions of 104757 and 106732, even hitting 106132 twice in the early session, and is currently consolidating around the 105400 area. The positions established in batches on Friday have partially taken profit during the first surge last night, and the base position has not yet reached the breakeven stop-loss level, so it can be held further.
In terms of weekend trading strategy, on Saturday, one can consider the opportunity to go long on the evening rebound; if a small double top forms during Sunday morning, one could consider shorting with light positions; on Sunday evening, attention can be paid to the opportunity for shorting at the high points following a deep squat rebound.
The key support levels for BTC are at 100305/98500/96500, with resistance levels tentatively at 107507/109465. The current key nodes are at 103055/104757.
The support levels for ETH are at 2403/2343/2285/2215, with resistance levels tentatively set at 2627-2665/2719. The predicted resistance level of 2585 from yesterday has been precisely reached, and it is currently consolidating around 2555. Attention should be paid to the market strength performance around the 2542/2510 line.
Due to relatively weak liquidity over the weekend, the market has become more controllable, making it suitable for operations within a small range, and it may even be appropriate to slightly increase positions, but the profit expectations should be correspondingly lowered. The strategy levels from Friday that were not reached remain valid today, and appropriate adjustments and updates will be made subsequently.
It is recommended to closely monitor support and resistance levels and act decisively when opportunities arise. The fifth wave of the five-wave strategy on the 5-minute level last night has already shown rebound expectations. Today, special attention can be paid to the buying points of the five-wave pattern on the 15-minute level.
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Market analysis on Saturday shows that tonight the Crypto Assets are exhibiting a Rebound trend, with a peak reaching 2585. The trading opportunities mentioned yesterday appeared during the Rebound in the 2665-2719 range, suitable for higher trade volumes shorting; it can also be entered during the second surge in the early morning or when a small double top forms during Saturday's early session.
The market quickly fell after reaching 2585 in the early morning, forming a clear downward trend, dropping to 2508 at 2:35 AM, which created a small double bottom pattern with the earlier night market. It then rebounded to 2582 in the morning session. This trend basically aligns with the weekend market rhythm analyzed last night. During weekend trading, investors often look for second peak opportunities after the first wave of pullbacks, as well as the downward space after the early morning high, and shorting points after the formation of a small double top in the morning session. These are relatively reliable trading rhythms in a volatile market, with a relatively high success rate.
BTC has successively reached two key positions of 104757 and 106732, even hitting 106132 twice in the early session, and is currently consolidating around the 105400 area. The positions established in batches on Friday have partially taken profit during the first surge last night, and the base position has not yet reached the breakeven stop-loss level, so it can be held further.
In terms of weekend trading strategy, on Saturday, one can consider the opportunity to go long on the evening rebound; if a small double top forms during Sunday morning, one could consider shorting with light positions; on Sunday evening, attention can be paid to the opportunity for shorting at the high points following a deep squat rebound.
The key support levels for BTC are at 100305/98500/96500, with resistance levels tentatively at 107507/109465. The current key nodes are at 103055/104757.
The support levels for ETH are at 2403/2343/2285/2215, with resistance levels tentatively set at 2627-2665/2719. The predicted resistance level of 2585 from yesterday has been precisely reached, and it is currently consolidating around 2555. Attention should be paid to the market strength performance around the 2542/2510 line.
Due to relatively weak liquidity over the weekend, the market has become more controllable, making it suitable for operations within a small range, and it may even be appropriate to slightly increase positions, but the profit expectations should be correspondingly lowered. The strategy levels from Friday that were not reached remain valid today, and appropriate adjustments and updates will be made subsequently.
It is recommended to closely monitor support and resistance levels and act decisively when opportunities arise. The fifth wave of the five-wave strategy on the 5-minute level last night has already shown rebound expectations. Today, special attention can be paid to the buying points of the five-wave pattern on the 15-minute level.