2:45

The weekend is almost over. This market chart was a straight line yesterday, and today it started to decline gradually. A decline is feared to turn into a big drop, so currently all long positions are protected with stop-loss. Those who should exit, should exit now. Wait and see, because the weekend sideways movement is dragging on. Entering now would be just a torment, a struggle, because there’s no clear direction. Those who understand, understand.
So, from the current market perspective, on the one-hour and above timeframe, it looks like a downward trend, oscillating and declining. The daily chart is also bearish, because in the past few days, it hasn't broken and stabilized above 3070. We shouldn’t be obsessed with bullish positions.
Oscillating and indecisive markets test people the most. At least for now, I am no longer bullish. The overall bullish momentum has not gained strength, which means it’s weak. As for Ethereum, my personal view is that below 2970 I see it as bearish, and only above 2970 would I consider a bullish outlook.
Bitcoin at 89400-9W is a resistance zone. If it can’t go higher, the support levels are around 87200 and the previous major level at about 86300. For Ethereum, a break below 2890 targets around 2820. Solana at 118-116.
These are just my personal opinions for reference.