The weekend homework is much easier to write, and there haven't been any significant events today. The price of $BTC is fluctuating within a very small range. I attempted a short-term trade with an average price of $118,000, made enough for a meal, and then exited. Now I'm continuing to place orders; the weekend market is quite good like this. On Friday, I was worried that there might be a pullback sentiment during the low liquidity of the weekend that could drag the market down, but since that didn't happen, it shows that investors are not concerned about such minor fluctuations.

After entering the weekend, the trading volume has significantly decreased. The FOMO sentiment that lasted for a few days has faded, which hasn't had a major impact on Bitcoin and $ETH. However, those betting on an altcoin season might have to wait a bit longer. Although the rise of ETH has increased the probability of an altcoin season, it seems that there hasn't been any overflow of funds recently. Let's observe for now.

From the data on BTC support, the two consecutive support levels look quite good. With the decrease in trading volume, the stability is already decent. The current range of $103,500 to $108,500 has passed the first wave of testing, while the range between $93,500 and $98,500 is very solid.

There isn't much important data next week. On Tuesday, Powell will give a speech at an opening ceremony, which might mainly involve some complaints about Trump. The focus over the past two months has still been on tariffs and monetary policy, with the most important aspect being the backup candidates for the Federal Reserve Chair.

Data address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This article is sponsored by #Bitget ｜ @Bitget_zh

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