Good morning, friends. Over the weekend, the big “bing” (BTC) overall maintained a narrow, range-bound “pan-stabilizing” trend. After the earlier phase saw a surge in volume followed by a pullback to confirm support and complete a stabilization move, it entered a small-timeframe technical repair stage. In the midnight session, the order book once again showed needle-like intrusions to test the strength of the underlying support, but constrained by the weekend market’s relatively weak liquidity, it failed to form further trend continuation.
From the current overall structure, the trend setup dominated by the “Kun” head has not been reversed. On the four-hour timeframe, it has already formed a clear downward wave structure, building a standard down channel, with continued overhead selling pressure weighing on it. As we previously assessed, this small-timeframe repair lacks effective volume and energy to support a trend reversal. Any rebound is essentially still the “Kun” head gathering strength; instead, it is a window for positioning the “Kun” single. For subsequent operations, we keep the core trading idea centered on “high Kun” unchanged. $BTC $ETH
From the current overall structure, the trend setup dominated by the “Kun” head has not been reversed. On the four-hour timeframe, it has already formed a clear downward wave structure, building a standard down channel, with continued overhead selling pressure weighing on it. As we previously assessed, this small-timeframe repair lacks effective volume and energy to support a trend reversal. Any rebound is essentially still the “Kun” head gathering strength; instead, it is a window for positioning the “Kun” single. For subsequent operations, we keep the core trading idea centered on “high Kun” unchanged. $BTC $ETH
