The holiday is over, and work begins. Over the weekend, the market experienced narrow fluctuations, with bulls and bears stuck in a stalemate. Bitcoin dipped to 89,200 before rebounding, but was blocked at 90,900; Ethereum touched 3,060 before bouncing back, and faced resistance at 3,120, then fell back.
From a technical perspective, the 4-hour chart shows a stepwise recovery, with bulls and bears temporarily balanced; the hourly chart alternates between bullish and bearish signals, with bulls slightly favored but lacking breakout strength. Overall, the market is consolidating with no clear trend.
Trading suggestions: Bitcoin: Short near 90,900-91,500, target 89,500-88,600; Ethereum: Short near 3,140-3,200, target 3,080-3,000.
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The holiday is over, and work begins. Over the weekend, the market experienced narrow fluctuations, with bulls and bears stuck in a stalemate. Bitcoin dipped to 89,200 before rebounding, but was blocked at 90,900; Ethereum touched 3,060 before bouncing back, and faced resistance at 3,120, then fell back.
From a technical perspective, the 4-hour chart shows a stepwise recovery, with bulls and bears temporarily balanced; the hourly chart alternates between bullish and bearish signals, with bulls slightly favored but lacking breakout strength. Overall, the market is consolidating with no clear trend.
Trading suggestions:
Bitcoin: Short near 90,900-91,500, target 89,500-88,600;
Ethereum: Short near 3,140-3,200, target 3,080-3,000.