Unexplainable empty joy is waking up in the morning, thinking you have suddenly grown taller, only to find out that the blanket is just covering you sideways… No matter what unexpected events happened yesterday, the city is still bustling with traffic in the morning. The most desperate wait is not when the market doesn't move as you hoped, but when, regardless of how the market fluctuates, it seems completely unrelated to you.
On this Friday, the market slapped us in the face. Yesterday was almost a whole day of fluctuating upward. After a dip the day before, there was a rebound all the way up to around 85300. Our operations yesterday were deeply educated by such a market; almost anyone who shorted yesterday would likely have suffered losses. The rhythm of not having losses for a long time was broken, leading to a profit retracement, which disappointed friends who followed along with the trades. Especially when there were profits earlier, some friends were just watching. If they had just started trading yesterday and hit a stop loss, it must have felt even worse. Today is the weekend; regardless of whether you made money or lost money this week, as long as you are willing to believe in our approach, we will operate well moving forward and will not let you down. We have always been like this: we share the joy of making money together and accept losses calmly, and we will make it back later.
From a technical perspective, it is clear that after the K-line continuously closed positively yesterday and peaked at 85300, there was a slight pullback, currently maintaining a consolidation around 84300. At this current juncture, there are two points to note. First, although there was a rebound of over four thousand points yesterday, the trading volume did not increase, indicating that the bullish sentiment in the market is not very strong. Additionally, the cryptocurrency market's rebound was significantly influenced by the U.S. stock market, which opened high and closed up, driving the rebound in the crypto space. The second point is the weekend, where liquidity decreases and trading sentiment lowers. Based on the market trends from the previous weekends, generally, Saturday sees little market fluctuation, while there is a higher probability of market movement on Sunday evening.
In terms of technical indicators, the short-term moving averages on the four-hour chart are rising, while the mid-term moving averages are flat. The MACD is still in a bullish volume contraction phase. Here, we can pay attention to whether the indicators will complete their repair during the weekend's fluctuations. According to the timeline, there will likely be a small trend direction choice around tomorrow evening and Monday morning. Looking at the hourly cycle, the K-line shows a slow downward trend in the short term, with short-term resistance at 85200 above and support at 82500 below.
In terms of operations, Saturday is likely to see little market fluctuation. Without significant market movements, it is not suitable to keep a close watch. Today, I will not provide specific trading points. If there are rapid ups and downs during the day, we will make layout operations in real-time!
Ethereum is still not too strong. The short at around 1930 yesterday was a relatively good position. It is currently still running above 1900. There’s not much to say; just hold on for now and see how it goes!
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes in real-time may lead to delayed information. Specific operations should follow real-time strategies. Feel free to contact us for discussions on the market.】
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