There was no unilateral movement over the weekend, but the fluctuations up and down have exceeded 2,000 points. If one could capture these waves of market fluctuations, there would still be considerable gains, as such large fluctuations over the weekend are relatively rare, making it a great opportunity to accumulate positions.

From the daily chart, it is not difficult to see that after a continuous rise in coin prices, although there was a pin bar, the rhythm has not been interrupted; it is still in a state of continuous oscillation upward. However, from the current operating rhythm, the coin price is already undergoing a correction. At this time, one should mainly avoid stepping in at high positions to prevent being trapped above. On the 4-hour chart, after the big coin surged upwards on the 5th, the coin price quickly plunged, with a pin drop of 14,000 points, which is quite terrifying. However, after the downward pin drop, the coin price also strongly rebounded upwards, and then underwent market correction over the past two days. After the short-term coin price faced resistance in its upward movement, it has also shown signs of testing lower levels. Therefore, in terms of layout, we should first look for a pullback and wait for the bottoming out to end before positioning for long trades.

For the big coin, look for a pullback in the range of 99,700-100,200, and watch around 98,000. For Ethereum, look for a pullback in the range of 3,960-4,000, and watch around 3,830.

Follow the public account: Futai Talks Coins, to get the latest strategies.

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