Indeed, the weekend market overall volatility significantly contracted, with the market fluctuating up and down by a thousand points, repeatedly shaking out traders. Bitcoin steadily oscillated and recovered, briefly spiking up to around 78,200, currently hovering narrowly around 77,900. Yesterday, we positioned long orders near 77,200, and in this small-range oscillation, we successfully gained over 800 points of profit. The overall trend perfectly aligned with our forecast, with the only shortcoming being the slower pace of market recovery, which extended the holding period. During this narrow-range consolidation phase, patience becomes especially crucial. Remember not to stay on the sidelines just because the market moves little, nor to become timid and hesitant to enter after a big move, falling into the trap of passive trading, which ultimately causes missed opportunities and unnecessary losses.

From the overall market structure analysis, the current market still maintains a range-bound tug-of-war pattern, with key highs and lows not effectively broken through, and the overall operational structure continuing. In the short term, resistance above is clearly defined, and while there is some phase-wise correction upon pullback, the overall bullish trend remains intact. Do not blindly open counter-trend short positions. Be patient and wait for the pullback to stabilize, then follow the support levels to go long. The four-hour chart has entered a Bollinger Band contraction phase, with the oscillation range narrowing continuously. After accumulating strength, the bulls are highly likely to launch a concentrated surge. Based on this analysis, tonight’s and midnight’s trading strategy will mainly focus on buying on dips.

Sunday night Bitcoin: buy near 77,500, target 80,000

Sunday night Ethereum: buy near 2,320, target 2,450