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This weekend, the market rhythm remains relatively subdued, with overall volatility not being significant. Today's market movement is quite interesting——Bitcoin oscillated within a predetermined range in the morning, experienced a technical pullback in the afternoon, touching around 89,314 before rebounding; Ethereum declined from the morning high of 3,135, falling to around 3,074 in the afternoon, then also rebounded.
From a technical perspective, this wave on the four-hour chart is a typical retracement after breaking above the Bollinger upper band. Although there was a pullback, it held above the upper band without a deep correction, indicating a healthy adjustment. However, the one-hour chart looks different——after breaking below the Bollinger lower band, there was some short-term support, but the previous rapid upward push lacked sufficient correction, leaving room for further decline. Plus, with generally light liquidity over the weekend, it’s best to focus on short-term trading before any trend reversal.
My strategy is very clear: the key is to closely monitor support levels below, with buying on dips as the main logic. There are opportunities on both sides of the trend, but selectivity is important.
**Recent Trading References:**
- Consider entering Bitcoin in the 89,000-89,400 range, targeting around 91,000
- Look for opportunities in Ethereum within the 3,060-3,090 zone, with a target near 3,150