Good morning, crypto friends! ☀️ I am Wang Yibo. A new day has arrived as scheduled. I wonder if everyone closely followed the market trends over the weekend? First, I welcome the loyal fans to check in 👍, and I hope that all the friends who see this morning review can like it and make a fortune 🍗🍗, with good luck always by your side 🌹🌹!
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The overall market trend in the crypto space over the past weekend was not too significant, mainly fluctuating within a range without any particularly intense volatility. Bitcoin continued to operate steadily around the 109,000-110,000 range, while Ethereum engaged in fierce long and short battles at the 4,000 mark. Based on the current market situation, this kind of fluctuation 📈 is expected to last for a while. However, there is no need to worry too much; from a technical perspective, the positive signals in the current market are still very clear, and the long-term bullish trend has not changed.
We all know that the crypto market is very special, completely influenced by news and various uncertainties, with the market changing rapidly. Therefore, everyone must pay attention to Yibo; I will update you on real-time market dynamics in a timely manner, helping you find the right direction in this complex market and seize the best trading opportunities.
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Let’s talk specifically about Bitcoin. Over the weekend, Bitcoin remained within the key range of 109,000-110,000, with limited overall volatility, and both long and short sides were in a relatively balanced state for the time being. In terms of specific trends, Bitcoin experienced a surge during the afternoon session, reaching a high of 109,709, but unfortunately, it could not maintain this upward momentum and saw a slight pullback. In the afternoon, the price further dipped to a low of 109,051, but fortunately, the support at this level was quite strong. After stopping the decline, Bitcoin began to oscillate and rise, showing an overall trend of cyclical consolidation within the range throughout the day.
Looking at the technical indicators, the moving average indicators still show an upward trend, which is a very crucial signal. It indicates that the medium to long-term upward trend of the market has not changed, and the support role of the moving averages also provides strong protection for Bitcoin's price. Additionally, from the 4-hour K-line structure, alternating bullish and bearish candles have formed a bottoming rebound trend, and the current price has once again reclaimed the mid-track of the four-hour chart, indicating that the bullish strength in the short term is gradually recovering. Although the bulls have slightly paused after increasing volume, this is just a temporary adjustment; the market is actually accumulating strength for the next upward move, so there is no need for excessive panic.
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Next, let’s discuss Ethereum. Compared to Bitcoin, Ethereum's intraday performance over the weekend was more rhythmic, with fierce competition between long and short sides at the 4,000 mark. In the morning, Ethereum started to decline from a high of 4,039, with bearish forces gaining the upper hand, dropping to a low of 3,972 in the afternoon. However, the bearish strength gradually weakened, and the bulls began to exert force, leading to a gradual rebound in price. By the evening, Ethereum rose back to around the high of 4,037, but due to the pressure from previous highs, it faced another pullback.
Overall, the competition between long and short sides near the 4,000 mark for Ethereum is quite intense. Although there has not yet been a clear breakthrough direction in the short term, the overall volatility is relatively large, which actually brings more trading opportunities. Like Bitcoin, the overall direction in the cryptocurrency market where Ethereum is located remains bullish. Although the bulls have shown some local pauses after increasing volume, the market has entered a short-term consolidation phase, which is a normal phenomenon in the market's development process. Short-term consolidation helps the market better digest the previous upward pressure, laying a solid foundation for subsequent price breakthroughs.
The previous market's rise and rapid pullback were also within the expected range, representing normal volatility adjustments. The current technical structure is showing a trend of consolidating and correcting while slowly rising, with all indicators still pointing upward, which fully indicates that the internal upward momentum of the market still exists, and there is potential for further strength in the future.
Finally, I want to remind everyone that the crypto market changes quickly, and news has a significant impact. Be sure to keep up with real-time dynamics and operate rationally. If you have any questions or want to learn more about market interpretations, you can follow Yibo, and together we can move steadily in the crypto space, striving to seize more profitable opportunities!
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If you are feeling lost—don’t understand the technology, don’t know how to read the charts, don’t know when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increase positions, get stuck while trying to catch the bottom, can’t hold onto profits, miss out on market opportunities… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profitable trade is worth more than a thousand words; finding the right direction is better than repeatedly facing losses. Instead of frequent operations, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily in the market with you.
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