Currently experiencing a slight rebound, Bitcoin rebounded from 77,601 to 78,155, Ethereum from 2,160 back to 2,179, both breaking above the 15-minute Bollinger middle band. At present, trading volume has not yet increased, and the momentum is relatively weak. Above Bitcoin, the 78,300-78,500 range is the resistance zone formed by the 15-minute upper band and the 4-hour middle band. For Ethereum, the 2,190-2,200 range is also a strong resistance.

Liquidity is thin over the weekend, which can lead to a rebound with a bullish candle, but it’s also easy to be pushed back down. If you chase longs now, the risk-reward ratio is not high.

Operational suggestions:
For those with no positions: No need to rush into action. Wait until Bitcoin has a volume surge and effectively holds above 78,300 without being pulled back, and Ethereum effectively holds above 2,190 without being pulled back, then consider light long positions. If it cannot hold, the rebound still offers an opportunity for short positions.
For those holding short positions: You can reduce your positions or take profits within the current range to secure gains.
For those wanting to go long: It’s recommended to wait for clear signs of a trend reversal before entering with a small position. Don’t rush blindly out of fear of missing the move.