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Someone always says they entered the market too late. But honestly, the crypto market has never lacked opportunities—while some stand guard at the mountain top, others are lurking at the bottom; those who get cut by volatility often create room for patient players to break through. The key is not when you enter, but whether you can find your rhythm amid chaos and hit the brakes during madness.
This weekend's market was quite intense between bulls and bears. Most of the time, it moved back and forth within a small range, with no clear direction. Bitcoin initially continued to decline on Sunday, dropping to a low of 101,300, then the bulls started to fight back and push higher. By evening, it accelerated upward, reaching a high of 104,180. Ethereum's movement was similar, initially falling to a low of 3,356, then rebounding strongly, stopping around 3,563.
On Saturday, I opened a short position near 103,100 and exited as expected today, capturing 1,600 points in this move. On Ethereum, I shorted at 3,450 and took profit at 89 points overnight. This aligns well with our bearish outlook from Saturday and Sunday morning. By Sunday night, I adjusted my strategy and started to look for a bullish rebound—closing a long position near 103,000 for a 900-point gain, and on Ethereum, a long at 3,465 for an 80-point profit.
Looking at the 4-hour chart, after the long bearish candle pressed down from the upper band, the price now finds support above the middle band, clearly entering a consolidation phase. The long candle's body is full, with a short lower shadow, indicating that bears had the advantage early on. After touching the middle band support, the price rebounded slightly. Switching to the 15-minute chart, a small head and shoulders bottom pattern formed during the pullback—if the right shoulder completes and the neckline is broken, it could trigger a new upward move.
However, note that the KDJ indicator is still below the 50 midline, so the market hasn't fully shaken off its weakness. Therefore, our short-term strategy remains to follow rebounds and short positions overnight.
Trading suggestions:
- Consider shorting Bitcoin around 104,000 with a target of 102,000.
- Short Ethereum near 3,550, with targets between 3,450 and 3,400.