Bitcoin and Ethereum Market Analysis and Trading Recommendations for Saturday Afternoon

Bitcoin is currently still in an overall downtrend, but the lower space is further opening up. This can actually be seen as a phase of bearish momentum release, which in turn creates a lower layout window for subsequent bulls. The continuous bearish market is slowly approaching the point of momentum exhaustion, which is worth noting.

On the four-hour level, the price continues to decline, with obvious bearish candles, and the direction seems clear. However, note that a "double bottom" structure has emerged during this decline, which is a signal that the market is showing initial support. Although the rebound is temporarily suppressed, it does not mean that the bulls lack strength; it is more like waiting for a clearer stabilization signal. The stronger the continuation of the pullback, the more it can be understood that short-term risks are being rapidly cleared, which actually reduces selling pressure for subsequent rebounds.

Looking again at the hourly MACD, a top divergence is more of a technical correction after a sharp drop, not a trend reversal. The bearish bars are descending in a ladder formation but are not continuously expanding, indicating that the selling pressure from the bears is converging. After the fast and slow lines formed a golden cross, a brief downward divergence occurred, resembling a second confirmation of earlier momentum, rather than the bears reasserting control.

Overall, although the market sentiment is still bearish, the bears have shown signs of fatigue. The weekend market may welcome a turning point with the bears retreating and the bulls gradually counterattacking. It is advisable to pay close attention to the low absorption opportunities in the four-hour double-bottom area, seizing the rebound after this wave of risk release.

Operation Suggestions:
Bitcoin range 110000-110500, watch 111500;
Ethereum range 4280-4300, target 4350.
Bitcoin defends below 109800, Ethereum defends below 4270.
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