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The price comparison trend can be described as a roller coaster. Although there isn't much room for rise and fall, the frequent transitions between long and short positions show no continuity. After failing to break through the high points, the pressure has led to a fallback pattern, indicating that the price comparison has been oscillating in a range-bound manner without obvious one-sided signals. Such trends are quite common during weekends. However, we have made it very clear during our live broadcasts that we should treat weekends as short-term opportunities, which can yield good results and continuous harvesting. During our recent live broadcasts, the entry points we provided at the current price have maintained a winning streak, which is also the reason for the continuous growth of our team and gives us confidence in our strategy.
In terms of market structure, there's really no need for me to explain too much; everyone can see from the current market how weak and lacking in vitality the trend is. To push higher, we need to break the current weak pattern. Let me briefly explain the trend: on the 4-hour chart, after some up and down spikes, the price has chosen a range-bound correction method, which we have discussed before as using time to exchange for space, a relatively common correction pattern. Currently, the price has shown a small rise again and is eager to try, but from the perspective of the pressure above, even if the price rises again, it will still be ruthlessly suppressed when it rebounds near the pressure level above, ultimately ending with a fall. Therefore, we will continue to maintain a bearish view on the rebound.
In the morning, Bitcoin is short between 110400 and 110700, with attention on the vicinity of 109000. Ethereum is short between 3890 and 3920, with attention on 3800. The weekend may move relatively slowly, so it’s advisable to look at a little less space.