Analysis of Bitcoin and Ethereum Market on Saturday Morning and Daily Summary
The current market is still in a high-level consolidation pattern, with rebound momentum significantly weakening, and overall sentiment tending towards caution. Observing from the four-hour level, Bitcoin tested recent highs again in the evening, but immediately faced significant selling pressure, with the K-line showing a long upper shadow, indicating solid resistance above and accumulating pullback pressure. Ethereum's trend is relatively independent, exhibiting a structural rebound, but its overall direction is still constrained by Bitcoin, and no effective breakthrough has yet formed. As Bitcoin faces pressure at high levels, Ethereum's rebound rhythm also slows down, with market sentiment gradually shifting towards the bearish side.
Under this technical formation, the upward force of the bulls is limited, and the effective suppression of the key resistance zones narrows the short-term upward space. The sustainability of the market rebound is facing a test; if it cannot effectively break through the current pressure area, the market may once again enter a consolidation and downward phase. In terms of operations, it is recommended to follow the trend primarily, paying attention to the pressure signals near resistance levels, and cautiously layout short positions to seize opportunities that may arise from pullbacks.
It should be noted that the market is still in a consolidation range; although the structure is bearish, short-term volatility is difficult to avoid. When entering the market, strict control of positions should be exercised, and reasonable stop-losses should be set to guard against sudden market rebound risks.
