Regarding Bitcoin, the daily chart still shows a consolidation pattern. Yesterday, the price surged to touch the MA30 daily moving average and then started to decline, with short-term fluctuations between 8.65 and 8.9. The key point is whether the 4-hour MA256 moving average can hold the 8.95 support line—if it breaks through, a short-term rebound may be triggered. However, if it is suppressed, then focus should be on whether the support below 8.65 is broken. The current oscillation center is around 8.77.
Ethereum follows a similar logic. Yesterday, it tested the 2980 resistance level and then quickly fell back. On the 4-hour chart, it had already turned downward before reaching the MA256, indicating strong resistance at this level. Currently, the 1-hour chart is testing the MA120 moving average. In the short term, attention should be paid to the 2950 resistance level, with 2900 as support below.
**Midday Strategy (Updated at 13:30):**
● BTC: Limited volatility on Saturday, recommended to buy low and sell high within the 8.78-8.72 range ● ETH: Also using range trading strategy, operating between 2935-2925
The overall market is still in the recovery stage. Patience is needed to wait for breakout opportunities.
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MetaDreamer
· 13h ago
Still fluctuating at 8.77, this rebound doesn't seem very strong.
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SellLowExpert
· 13h ago
You're back to range trading, huh? I got caught and squeezed out at 8.75 last time. Looking at this data, it still feels the same.
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GweiTooHigh
· 13h ago
Hitting the 8.77 level again? As soon as the rebound started, it was suppressed by MA256. It's really a bit frustrating.
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GasFeeCrier
· 13h ago
It's another day of volatility; this market is a bit dull...
Can the 8.77 pivot hold? It feels a bit uncertain.
Range trading is the way to go; after all, it's a recovery period.
As for a breakout, we might have to wait until the Year of the Monkey or the Horse.
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MEV_Whisperer
· 13h ago
Another day of volatility, feeling like we're chopping chives back and forth around the 8.77 level.
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GasOptimizer
· 13h ago
It's another period of range-bound oscillation, and capital efficiency is extremely low. Instead of messing around around 8.77, it's better to calculate how much profit can be eaten up by Gas fees...
#数字资产市场动态 【Saturday Market Technical Analysis】
Regarding Bitcoin, the daily chart still shows a consolidation pattern. Yesterday, the price surged to touch the MA30 daily moving average and then started to decline, with short-term fluctuations between 8.65 and 8.9. The key point is whether the 4-hour MA256 moving average can hold the 8.95 support line—if it breaks through, a short-term rebound may be triggered. However, if it is suppressed, then focus should be on whether the support below 8.65 is broken. The current oscillation center is around 8.77.
Ethereum follows a similar logic. Yesterday, it tested the 2980 resistance level and then quickly fell back. On the 4-hour chart, it had already turned downward before reaching the MA256, indicating strong resistance at this level. Currently, the 1-hour chart is testing the MA120 moving average. In the short term, attention should be paid to the 2950 resistance level, with 2900 as support below.
**Midday Strategy (Updated at 13:30):**
● BTC: Limited volatility on Saturday, recommended to buy low and sell high within the 8.78-8.72 range
● ETH: Also using range trading strategy, operating between 2935-2925
The overall market is still in the recovery stage. Patience is needed to wait for breakout opportunities.