All the sideways consolidation and lurking strength are for a later burst of stored-up power; all the brief pullbacks are an essential “cleansing” on the path of the trend. Looking back at Friday over the course of the day, the big cake (BTC) overall traded in a range of 78,500～77,300, consolidating and pausing in a rest phase; the small cake (ETH) followed the big cake’s moves in sync, with price steadily running between 2,290～2,330.

From the current market view, the 4-hour timeframe continues to maintain an alternating yin-yang oscillation rhythm. The candlestick bodies are small, and the market is overall in a correction phase characterized by oscillation and pullback, but the sell pressure’s volume continues to shrink. At this stage, price repeatedly moves back and forth near the middle Bollinger Band; the short-term market oscillates and detours, and the pace is relatively slow. After the prior spike to higher levels, the chart has replaced a deep pullback with sideways oscillation, and in the short term it is not a reversal of the bearish trend. Switching to the hourly timeframe, price is pressured and oscillates while sliding lower around the middle band, but the downside room is limited—there is no momentum for one-way weakness. Overall, it still remains a circuitous trend that is slightly weak with a tendency to oscillate. Based on the currently overall weak chart pattern, in terms of strategy you should continue to keep the idea of buying on pullbacks at lower levels and looking for a rebound to move upward.

Saturday morning big cake (BTC): go long near 77,000, target focus on 78,500

Saturday morning small cake (ETH): go long near 2,300, target focus on 2,400

$BTC ‌#WCTC交易王PK