The weekend was flat, seemingly showing signs of a rebound? No! Do not rush; it's normal to take a break after a long decline. The larger cycle is still in a bearish sentiment, and the major currency has only rebounded to 62000. It’s best to wait for it to rebound to around 64000, with 64500 being a key resistance level for the next bearish return. If the rebound does not break through here, any short-term rebound can only be considered as a bait for investors. Overall, the weekend has basically been a rhythm of consolidation, and a significant market trend is expected to emerge tomorrow, Monday. Today can be viewed as a period of fluctuation. The most recent support level for the major currency is naturally the 60000 round number and the previous low of 59000. It is expected that the previous low of 59000 will be tested again next week. As for whether it will break below, it's hard to say. But it's best to take profits when you have them and avoid being greedy to prevent a fall that can't be recovered from. For the minor currency, pay attention to the upward resistance at 1700 and the downward support at the previous low of 1500.

Weekend forecast for major currency 6.7:

1. Sell at 64000-63200, stop loss above 65000, target 61000-60300

2. Buy at 60700-61400, stop loss below 60000, target 63200-64000

Weekend forecast for minor currency 6.7:

1. Sell at 1690-1660, stop loss above 1730, target 1580-1540

2. Buy at 1540-1580, stop loss below 1500, target 1660-1700

[The above market analysis is for casual reference only and does not constitute investment advice!] 

This article is exclusively shared by senior analyst Zhou Yanling(Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and mainly analyzes and provides guidance on BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he is adept at combining technical and fundamental analysis and emphasizes money management and risk control. His trading style is steady and decisive, earning recognition from many investment friends for his easygoing responsible character and sharp decisive operations.

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