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Happy Saturday! Let's have a quick chat about the weekend market!
The market mainly rebounded that night, reaching a high of 2585. Everyone knows this level. The short opportunity given yesterday violently retraced to the 2665-2719 range to look for an opportunity to short! Alternatively, a second surge in the early morning or a small double top formation in Saturday's morning session can also be shorted!
After quickly dropping in volume to 2585 in the early morning, a downward trend was formed, falling to 2508 at 2:35 AM and then forming a small double bottom rebound to 2582 in the early session. This rhythm is basically consistent with last night's live stream and aligns with the weekend strategy. The first wave of attacks in the evening often leads everyone to look for the first wave of pullbacks for speculative second tops, as well as the shorts from the early morning top with increased volume drop, and the small double top shorts in the early session. All of these are part of the larger rhythm under volatile market conditions, with a relatively high success rate! Those who often listen to the live streams and watch video analyses should be very familiar with this rhythm!
BTC has successively touched the two levels of 104757/106732, and even hit 106132 twice in the early session, now retreating to consolidate around the 105400 line!
In short, after taking profits on part of the position during the first wave of the batch entry last night, the bottom position has not yet hit the breakeven loss, so it can continue to be held!
On Saturday, you can consider going long in the evening for a rebound in the short term. On Sunday morning, after a small double top, you might want to consider a small short position. On Sunday evening, deep squat longs can be used for a high short!
BTC Attention
Support 100305/98500/96500
Pressure temporarily set at 107507/109465
The key points at this moment are 103055/104757, and we have reached this familiar node again!
ETH Attention
Support 2403/2343/2285/2215
Pressure is temporarily set at 2627-2665/2719
Yesterday's first resistance level of 2585 has been accurately touched, and it is currently consolidating around the 2555 line. Pay attention to the strength of the key levels at 2542/2510!
Weekend trading advice: The market during the weekend is more stable due to weaker liquidity, making it suitable for small-space trading. You can even slightly increase your position size, although profit expectations should be lowered. Weekends are still quite enjoyable!
The strategy points from Friday have not been touched and remain valid today. I will make a few modifications and update everyone shortly!
The weekend is watching the resistance level, it's time to take action when the opportunity arises!
Last night, the fifth wave of the 12345 strategy at the 5-minute level showed a rebound expectation. Today, we can pay attention to the buying point of the 12345 strategy at the 15-minute level!
#GateLive# #GT#