Saturday early morning Bitcoin Ethereum market analysis and daily summary

On Friday morning, Bitcoin surged to around 119,500 before facing selling pressure and retracing. We accurately positioned for a short-term long before the drop, successfully capturing a space of 798 points. Subsequently, we promptly shifted to a bearish outlook, with the strategy perfectly reaching the predetermined entry point. Although we did not anticipate such a significant depth of this retracement, those who kept pace have already realized steady profits. In the morning, we maintained a bearish view. In live trading, we attempted a short-term long, but unfortunately hit the stop-loss at 598 points. We then decisively entered a short position at the high of the rebound, successfully capturing a space of 1,881 points, not only quickly recovering the previous loss but also achieving considerable profits. Operations on Ethereum were minimal, yet we steadily gained over 200 points during the day. At midnight, we reiterated the high short strategy. Although there was a brief surge in live trading reaching the stop-loss, there is no need for concern; we just wait for the pressure above. The strategy in the early morning remains unchanged, continuing with a focus on high shorts, and no further elaboration is needed here.

Current market analysis: The four-hour chart shows a slight technical rebound after three consecutive bearish candles. The price is oscillating along the lower band of the Bollinger Bands, with insufficient continuation for both bulls and bears. Although the one-hour chart has produced two consecutive bullish candles, resistance above is significant, and bearish forces still dominate, leading to a noticeable slowdown in upward momentum. The Bollinger Bands at this level are continuously narrowing, significantly compressing the market's operating space. The MACD fast and slow lines are gradually converging near the zero axis, making short-term directional signals increasingly unclear. Given the current oscillating pattern, Old Tian suggests flexibly adopting a high short and low long strategy, strictly controlling entry points, and taking advantage of trading opportunities brought by range fluctuations. The focus remains on high short positions. The actual market is oscillating around the 117100 level, and it is not advisable to chase longs at this relatively high position; wait for clear resistance at higher levels before entering.

Operation Suggestions:
Test short positions lightly between 117200-117500, looking at 116000.
Lightly short in the Ethereum 3700-3730 range, looking at 3600.
The Bitcoin defense is above 117500, and the Ether defense is above 3730.
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