It’s the weekend again—another day with no volatility. After Bitcoin saw a deep pullback into the early morning, it neither continued nor reversed. Instead, it hovered around 77,300 below the midline, with no real improvement. In this kind of market, you have to trade time for space, so you’ll need a bit more patience. As long as the upper-side high of 79,400 is not broken, we’ll still operate within the range. Tonight’s focus will be mainly on going long from lower levels.

From the overall structural price action, the 4-hour timeframe printed a large bearish drop, and the price retraced to around the Bollinger middle band and below, but it did not effectively break through. Overhead, resistance caused repeated oscillations and consolidation, but overall price action is showing a tendency to gradually build an upward channel. Each round of pullback keeps raising the lows, and the bottom support continues to move higher. Going forward, as long as the key highs can be broken successfully, the market will see a trend reversal and start a new round of upward momentum. Weekend volatility is limited, with range-bound movement as the main theme; for the short term, keeping fluctuations around about a thousand points is enough. Currently, the Bollinger Bands are continuing to contract, and the market is entering the eve of a directional decision. We’ll wait for the US-China second round of negotiations to be finalized; at that time, the market will likely move in a clear one-way direction and break the current consolidation pattern.

Sunday early morning BTC: buy around 77,000, target 78,500

Sunday early morning ETH: buy around 2,300, target 2,400

$BTC #WCTC交易王PK