Analysis of Bitcoin and Ethereum market on Saturday morning and daily summary

Looking back at the intraday market, the Bitcoin price faced downward pressure after a brief spike testing the upper resistance, dropping to a low near 115950. Ethereum exhibited relatively strong performance, with limited pullback, and the early morning low was around 3949. The long entry positions prompted multiple times during the day were precise and effective, with the strategy executed properly. Bitcoin has accumulated a gain of over 3000 points, while Ethereum long positions have accumulated gains of over 300 points. The current market is still in a typical adjustment rhythm; the early morning can focus on pullback opportunities and strategically layout long positions.

From a technical perspective: Short-term situation: The market has once again shown a pattern of long bullish candles, indicating that bullish momentum still dominates. On the 4-hour level, the candlestick chart has completed a bottoming rebound, and the current price is stabilizing above the middle band of the Bollinger Bands, with upward space initially opening up. The price repeatedly tests the previous high resistance area, increasing the probability of an effective breakthrough later. Momentum and structure: The technical pattern in the smaller cycle shows that there is momentum for further attacks to break through the previous highs. Continuous oscillation consolidation effectively accumulates upward momentum. It is worth noting that recently, the market volatility base has significantly expanded, and the current range of oscillation consolidation is close to the space of previous one-sided trends. Key support: The price is showing a gradual rise in lows, indicating that the support below is continually solidifying during the oscillation, laying a technical foundation for subsequent upward movement. In the future market, we patiently wait for the price to effectively break through the previous highs to open up greater upward space. Early morning thought: The current market environment and technical structure still support a pullback to primarily take long positions.

Operation Suggestions:
The Bitcoin range is between 116000-115800, watching for 118000.
Ethereum 3930-3950 range, look at 4100
The Bit defends below 115800, and the Ether defends below 3930.
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