Although today is Sunday, the market still cannot be taken lightly.

Yesterday, Saturday, witnessed a typical extreme market situation with low liquidity: BTC plunged about 2000 points in just 4 minutes, and ETH fell about 140 points simultaneously, breaching multiple short-term supports on the 15-minute, 30-minute, and 60-minute charts.

This trend once again illustrates that **after a violent surge, the most taboo is emotional buying.** The faster the price rises, the easier it is for leveraged bulls to concentrate their entry, and in a weekend environment with insufficient liquidity, once concentrated liquidation occurs, it can easily lead to a "pointed explosion" type of rapid plunge.

Due to the suspension of trading in U.S. stocks and spot ETFs over the weekend, the crypto market is primarily driven by perpetual contracts, futures, and leveraged funds. After a deep market decline, the probability of spike and false breakout increases significantly.

From a longer-term perspective, this week the market has recorded one of the largest weekly gains since 2023, with a noticeable strengthening of the bullish structure on the weekly chart. However, after a continuous violent rise, next week it is more essential to focus on confirming the weekly support on a pullback, rather than continuing to mindlessly chase the rise.

At the same time, there is still one week left this month, and the monthly gain has already surpassed last month, with the overall structure remaining strong. Even if there is a short-term adjustment, it is more inclined towards a distribution of positions during the upward process, rather than directly judging the end of the trend.

₿ Bitcoin (BTC)

Opinion: The main strategy is to buy on pullbacks, be cautious about chasing highs.

After a week of rapid rising, the market has gradually transitioned from a relatively clear one-sided increase to a high-level consolidation phase.

Currently, the 1-hour has shifted from a strong bullish to a neutral bearish stance, leaving further adjustment space in the short term. If the current support is breached, focus on whether the 2-hour level can form effective support before deciding to re-establish long positions.

Meanwhile, multiple timeframes have already shown overbought conditions and divergence, indicating that the difficulty of continuing a straight rise is increasing.

However, the overall trend remains bullish, so directly shorting heavily at this position also carries risks. Once high-level consolidation ends and new volume pushes through again, shorts can easily become fuel for a new round of short squeeze.

Thus, it is more suitable at this stage to:

Do not chase up on sudden rises, wait for confirmation on pullbacks;
Do not heavily short at high levels, realize short positions in a timely manner.

Support: 76200-76500, 75000-75500
Resistance: 78000-78500, 79500-80000

⟠ Ethereum (ETH)

Opinion: High-level consolidation leans towards pullbacks, short-term high short-value ratio is relatively higher.

ETH currently has adjustment needs in the 4-hour, 6-hour, 8-hour, and 12-hour timeframes, while the 1-hour and 2-hour periods maintain high-level consolidation, with a certain bearish buildup characteristic appearing in the short term.

However, the current market is still in a high zone after a strong trend, so a sudden upward spike to complete a short squeeze followed by a quick drop cannot be ruled out.

Currently, it is still consolidating around the 1-hour level without forming a clear direction. During the day, it can be dealt more around the consolidation range: focusing on short opportunities near the upper bound of the 15-minute while observing for long positions near the lower bound.

The overall volatility space from morning to afternoon is expected to be relatively limited, but special attention should be paid near the 4-hour candlestick switch, where sudden fluctuations can easily amplify in a low liquidity environment.

Support: 2400, 2350, 2305
Resistance: 2450, 2500, 2545

Tencent Meeting 24-hour live room: 994-517-5076

Aicoin group chat search for Huaying Community or click the group link to join: https://www.aicoin.com/link/chat?cid=onjrNpKn6

This article is published by 【Huaying Community】 and represents personal opinions only. Due to the delay in information transmission, the content is for reference only and does not constitute any investment advice; please make rational judgments and operate cautiously.
For more timely daily market analysis and strategy insights, feel free to add Safew's contact information, or add three lines: HYSQks888, to join the learning group for free.
Our community has 15 professional analysts monitoring the market live all day. Here, you can not only learn technical analysis methods in practice but also systematically understand the thoughts on breaking even and risk control systems.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。