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The weekend market basically repaired the previous decline, so is there still a chance to push for a new high? Most traders are pondering this question.
As we enter a new week, the market pattern for Bitcoin and Ethereum has become interesting. This week's market performance is characterized by wide-range oscillations, breaking out with no volume, retesting support, and adjusting back and forth—this pattern indicates large funds are reshuffling, and it all depends on how the bulls and bears ultimately pressure the chips.
Looking at Bitcoin, the intraday trend remains volatile, with bullish and bearish forces roughly balanced. The price fluctuates within a limited range, with a daily amplitude not exceeding 500 points. No clear breakout signals have been seen yet, and over the weekend, the market is likely to continue consolidating. On the daily chart, the price faces resistance around 90,800, forming a long upper shadow on the candlestick, and closes below the EMA7 moving average. The key point is that the daily MACD has already confirmed a death cross, indicating that the short-term upward momentum has indeed weakened.
On the Ethereum side, it is also oscillating around the 3100 level. The second test at 3120 did not break out with volume and instead retreated, so the small-term highs have not been solidified. The resistance on the right side has been fulfilled, and the price is expected to retest the lower sideways zone, with volume also contracting. Structurally, the short-term rebound is mainly bearish, and Monday's market may have some volatility, so position management is essential.
For weekend trading strategies, my advice is to stay still if possible. Focus on trading from Monday to Friday; there's no need to hold positions over the weekend. The opportunity for a trend reversal on Monday can come suddenly, and if you are still holding positions, you might miss the chance to participate timely. Be flexible in responding to the market; this week has already been profitable, so just stay steady.
**Trading Reference**:
For Bitcoin, consider short positions around 91,300. If a rebound encounters resistance at 93,000, you can add to your short positions. Watch for support between 89,600 and 89,200 during pullbacks; if a low is formed, wait for the rebound strength to judge further. The double bottom on the daily chart is in the 87,200 to 86,800 range.
For Ethereum, short around 3,120. If the technical structure allows a pullback, focus on the 3,050 to 3,000 price range. If it breaks below 3,000 on a smaller timeframe, continue to watch support at 2,930 to 2,950. Defensive strategies should be based on your actual positions; specific market signals should be prioritized.
A new week is here, bringing new hope. Wishing everyone smooth sailing.