It's the weekend again, and the market remains narrow-range oscillation throughout the day, with little volatility. Yesterday's non-farm payroll data triggered a 300-point spike pattern, pushing higher to test the 80,500 level, then slightly retreating, followed by a dip to the 79,500 support level. A rebound and rally then began, with the highest reaching around 80,650, and the current price fluctuating near 80,400. Overall, the market continues to mainly show a pattern of oscillation and correction. The bearish outlook given yesterday suggests that after short-term profit-taking, there are no high-quality entry opportunities at the moment. As trading slows over the weekend, it’s best to stay on the sidelines for now, without rushing to establish positions. It is expected that Monday will bring a new round of market trend changes. From the current pattern, a reversal signal is likely to emerge, and the previous resistance at the top remains relatively strong. Over the weekend, traders can consider high selling and low buying within the 79,500-80,500 range, patiently waiting for a breakout on Monday.

From the overall market structure, the trend has shown a slow rise with sharp spikes at high levels, with bullish momentum gradually weakening. The current price has reached the upper Bollinger Band, which acts as a strong resistance, indicating a clear short-term correction is needed. Although the three moving averages are generally opening upward, market volume is severely lacking, and there is no sustained momentum for further upward attack. The four-hour chart shows the middle Bollinger Band forming a top resistance, making the market pressure very evident. If a large bearish candle appears, the current upward channel will be broken directly, likely leading to a wave-like retracement. However, the market currently lacks enough time cycles to digest and stabilize, so deep corrections are unlikely to happen quickly. In terms of trading, it’s advisable to rely on current highs to short the market accordingly.

For Bitcoin, personal advice is to short in the 80,500-80,700 range, with a target around 79,000.

For Ethereum, personal advice is to short in the 2,320-2,330 range, with a target around 2,250.