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Good morning, Saturday! Let's talk a little about the weekend market!
On this night, the market was mostly trending towards recovery, peaking at 2585, a point known to everyone. The opportunity presented yesterday was a sharp recovery up to the 2665-2719 area to look for a chance to increase selling! Alternatively, a second attack may occur at 2 AM or a small double top may form on Saturday morning, which could lead to a one-handed sell!
After reaching 2585 early in the morning, the price quickly fell, leading to a bearish trend until 2:35 AM where it dropped to 2508, then formed a small double bottom in the first half of the night resulting in a rebound to 2582 during the morning trading period. These rhythms align with what was broadcast last night and correspond with the idea of the weekend. Often, the first wave of attack in the evening makes everyone look for an opportunity to retrace the first wave, along with the decrease in volume upon reaching the peak in the morning, as well as the small double top during the morning trading period. All of these are considered significant patterns within market fluctuations, and the success rate in them is relatively high! It is common for those following the live broadcast and watching video analyses to be familiar with this rhythm!
BTC reached 104757/106732 twice, and even in the morning it hit 106132 twice, and now it is retreating to the level of 105400 and moving within a narrow range!
Overall, after the market entry round on Friday, profits were taken from the first part of the position last night, and at this moment, the breakeven point for the core position has not yet been reached, it can be continued to hold!
You can enter buy trades for the expected highs over the weekend, and small sell trades can be considered with the highs on Sunday. On Sunday evening, you can enter sell trades with clear highs!
BTC Interest
support 100305/98500/96500
Temporary pressure 107507/109465
A key point at this moment 103055/104757, we have reached this known point again!
ETH interest
Support 2403/2343/2285/2215
The pressure is temporarily at 2627-2665/2719
The first resistance level of 2585 was precisely touched yesterday, and it is now trading at 2555. We are monitoring the strength of the critical points at 2542/2510.
Weekend trading suggestions: The market becomes more stable on weekends due to lower liquidity, making it suitable for playing in small spaces, and the position size can even be slightly increased, with lower profit expectations, it is still enjoyable to trade on weekends!
The strategy points for Friday have not been touched and are still valid today. I will make some adjustments and update you later!
Monitor the resistance points over the weekend, and if the opportunity arises, strike!
Last evening, the fifth wave of the 12345 strategy in the 5-minute timeframe deviated from expectations. Today, the focus can be on buy points in the 12345 strategy in the 15-minute timeframe!
#GateLive #GT