Reviewing the overnight to whiteboard market, Bitcoin formed a weak structure on Friday night. As the market further broke down and retested, breaking below the 76,000 level continued the bearish trend. The whiteboard session continued with a weak trend, currently moving lower, retesting around 75,000 with sideways consolidation. Due to the impact of the war, the bearish market was stimulated with increased volume. Currently, retesting has broken below 75,000, with the lowest retest around 74,200, encountering some resistance. Ethereum's movement is basically consistent with Bitcoin. As the market retested further, breaking below 2080, it found support around 2050, but with this wave of bearish stimulation, the market broke the 2050 support, temporarily retreated to around 2010, and now recovered back to 2030 for consolidation. Over the weekend, market trading was relatively poor, and under multiple negative stimuli, the correction is relatively difficult. However, as long as key support is maintained, there is still a possibility of recovery next week.



On the four-hour chart, the current market is showing a continuation of the bearish trend under weak consolidation. As news-driven retests occurred, long lower shadows appeared, and oversold conditions on the chart always signal a correction. The true weakness is in the downward consolidation phase, not just a weak correction after a large pin bar. Looking at the indicators briefly, they are in oversold zones and have not shown excessive consolidation signals, but the KDJ three lines are gradually turning upward, which is a precursor to short-term technical recovery after overselling. As long as the bottom does not further break down, but instead repeatedly shows lower shadows or small bullish candles in this area, it indicates a bottoming action. Under this structure, there is still an expectation of upward rebound in the future, so avoid chasing shorts to prevent being caught at the bottom.

Bitcoin can be bought around 74,000-74,300, aiming for around 76,000. Ethereum can be bought around 2,000-2,020, aiming for 2,050-2,080. #TradFi交易分享挑战 $BTC $ETH
BTC1.85%
ETH2.65%
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