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Brief market review: Over the weekend, the overall market moved sideways with no volatility until the weekly close on Monday, showing a pattern of initial rise, then pullback, and then another surge. During midnight trading, the price spiked up to around 81,500, then quickly dipped to a low of 70,200, followed by a rebound, climbing back above 72,500. The overall pattern has not shown a clear reversal, and the bullish trend remains intact. Currently, the market is slightly pulling back, testing support levels below, which is a normal technical correction consistent with the current trend structure. The key resistance levels of 73,000 and 75,000 are critical for previous long positions, facing strong short-term pressure. Focus on whether these levels can be broken effectively; a break would continue the upward trend, and subsequent positions can be arranged based on retracement lows. The long positions opened this morning are still in profit, patiently waiting for the European session to open and push the price higher.
From the overall structure, the 4-hour cycle is consolidating above the midline, with alternating bullish and bearish candles, maintaining a range-bound oscillation without a clear directional trend. Currently, the resistance zone above is very clear, and the price has temporarily broken above the upper boundary of the box. It is likely to complete a technical correction through retests and range oscillation, so chasing high is not recommended at this stage. On the hourly level, resistance is formed around the midline of the moving averages, with insufficient momentum for a second surge. Wait for the market to pull back and stabilize before considering new entries. Although the three-line indicator is turning upward overall, the trading volume continues to shrink, and bullish momentum is weak. Patience is advised until a proper retracement occurs before participating.
Monday afternoon outlook for BTC: Buy in the 80,500-80,800 range, target 82,500.
Monday afternoon outlook for ETH: Buy in the 2,310-2,330 range, target 2,400.