Yesterday's market moved to around 69700, rallied to around 71300, then pulled back to around 69500. The overall market maintained range-bound oscillations forming an inverted V pattern. The daily level showed a doji with upper shadow and reduced volume, the 4-hour level showed bearish consolidation with closed lower and reduced volume, and the hourly level showed gradual volume contraction. Saturday early morning market: The market is trending toward range oscillation; wave trading with high selling and low buying is suitable. Market around 69500-69000 long, targeting around 71000-71500; conversely, short. Market around 2115-2085 long, targeting around 2160-2180; conversely, short. The market fluctuates significantly; pay attention to risk management and defense. Take profits within the range oscillation range to secure gains safely. #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡

Welcome new partners to Beijing 8000 You, with integrity as the foundation and responsibility as the mission. Take a long-term perspective, maintain composure, refine your layout, and patiently await returns as success flows naturally. #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡

The last working day of the week has wrapped up. Not sure how everyone's trades went this week? Here's a quick recap of Friday's intraday action. Early session saw BTC rebound and solidly reclaim the 70,000 level, with bulls extending gains. Afternoon saw BTC temporarily pierce through the 71,000 level, but without stabilizing, it was just a technical correction bounce. The market continued adjusting downward, leading into another round of volume-driven decline in the evening. Currently, BTC has broken through 70,000 again and continues testing lower levels. On Ethereum, early session recovered to around 2,160 and maintained range consolidation, with about 30 points of daily swing. Afternoon saw a volume-driven spike to test 2,175 resistance before pulling back. Current lows have tested near 2,110 without breaking through the 2,100 support level. The short positions we laid out today have all been closed, capturing 1,950 points on BTC and 80 points on ETH. Today's gains were relatively modest, but in this phase of corrective bounce, our high-position short strategy also demonstrates our execution capability. Looking at the current chart, after three consecutive daily closes below the midline, the pullback is consolidating near the middle band. We're seeing adjustment patterns from the three-day decline, currently forming a long upper-shadow doji. Overall trend remains in an uptrend channel, but the further downside from these pullback tests hasn't concluded. On indicators, MACD fast and slow lines remain above zero with convergence, risking a death cross if prices decline further. While no clear divergence has emerged, given current trends, we should focus on downside support structures. Looking at the 4-hour chart, intraday rebounds have recovered to the consolidation zone from earlier downturn phases, a very textbook top-to-bottom reversal pattern. The strong support at the bottom sits around 69,000. Still in a downtrend adjustment zone, awaiting the final wave's breakdown at lower lows for potential bullish turn. Our bias continues lower. BTC: Can short at 70,000-70,500, targeting 69,000 breakdown continuing to 68,000. ETH: Can short near 2,150, targeting 2,100-2,070. #加密行情震荡 $BTC $ETH