Let's briefly review yesterday's market activity.
BTC closed with a small bullish doji green candle on the daily chart. There were some dips and wicks in the early morning, but overall volatility was low. Yesterday, many people asked me how to interpret various data points. My stance has always been clear: these data points have a very limited directional impact on the crypto market.
At most, they might create some emotional bull-bear battles in the short term, causing a temporary surge in trading volume and slightly more volatile price movements. However, they have virtually no decisive effect on the overall trend.
Yesterday's actual price action confirmed this: the price action saw a sharp spike followed by a period of consolidation before settling down without any unexpected price movements. I. BTC: Volatility Remains the Main Theme
From the current structure, BTC is still in a consolidation phase , which is not unexpected and was within my previous expectations.
The market needs to consolidate sideways to allow for a reallocation of shares and digest short-term sentiment before entering the second phase of the upward trend . This "slow and steady" process is itself preparation for the subsequent market movement.
My overall assessment of BTC over the weekend remains: 👉The trend will be mainly upward with fluctuations.
Key points to watch in the short term:
- Pay attention to the price action around 898 below.
- The upside resistance level to watch is the 926-934 range.
As long as the structural support level is not effectively broken, the market will continue to consolidate rather than turn bearish.
II. ETH: Frequent price spikes are a normal part of the current market fluctuation.
ETH's price action yesterday was similar to BTC's, with a small positive candle following a sharp drop, and it is currently still repeatedly testing the 3000-3100 range .
I want to emphasize this point: in volatile markets, there will naturally be more spikes and dips.
This is not a bad thing; on the contrary, it is constantly confirming the validity of the range and laying the foundation for a subsequent rebound.
The previously given range of 3030–3060 has been repeatedly touched and confirmed. The next step is to consolidate the support through multiple pullbacks before looking for the true rebound point.
III. Key Positions for ETH Going Forward
If the structure continues to advance at the current pace, the key areas to watch next are:
- First resistance level: 3160–3220
- If it successfully holds and breaks through 3250
- The upside potential is directly in the 3400-3600 range.
Of course, the premise remains the same: support is constantly confirmed, and the market develops through fluctuations rather than emotional rallies.
IV. Rhythm Judgment
Considering the combined structures of BTC and ETH, we are currently still in a "consolidation phase" rather than the end of the trend.
Personally, I'm more inclined to believe that 👉 starting next week, the rebound effect after the support level will gradually materialize.
In this kind of market, the biggest mistake is being swayed by short-term price spikes. Don't chase rallies, don't panic, focus on the structure and the range, and patiently wait for the trend to complete.
The market is no longer about who has the guts, but about who has the patience to weather the storm .
The opportunity will be gone in the blink of an eye, everyone gather quickly!
Don't let hesitation delay your chance to make money, and don't get burned by worthless cryptocurrencies. Join Sister Miao and let's ride this bull market together!
Contact me via WeChat: Mixm5688 or QQ: 2234099968
