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There was no continuation of the upward trend on Friday, but instead a continued volatile performance. In the early morning live broadcast on Friday, it was mentioned that the maximum upper level of the fluctuation was 110400, while the lower level was the low point. Yesterday, the market first ran within the range, with fluctuations back and forth, and during the night, it was a wait-and-see situation. In the early morning, there was a decisive rebound, adding positions back to around 109000. Overall, the low-level fluctuations met expectations, but it is a bit regrettable that there was no strong continuation of the downtrend. So, will the weekend continue the range or...?
From the recent overall weekend trend fluctuations, the volatility over the weekend has been continuously decreasing, and there hasn't been much activity during the longer weekends. Generally, there will be a significant move once every two to three months during weekends. As time goes on and the volatility over the weekends continues to decrease, this week has a higher possibility of experiencing larger fluctuations. If there are no solid fundamentals in place, the probability of a weakening trend is quite high. Therefore, this weekend, we are not looking at a range, but rather at a higher peak.
Around 109700 to 110100, look near 107300. #btc #ETH