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$ETH Saturday morning market analysis!! 💥
Just one sentence: shakeout above and below—range-bound oscillation again, another familiar weekend setup. The chart probably won’t see any big moves, but Sister Min thinks that yesterday many retail traders were scared by this “slow knife cutting losses” style of price action, thinking the market was about to collapse.
On the 4-hour chart, when it drops the volume can’t keep up, and there is still support below. It’s still unclear whether this is a repair/recovery move, but it’s definitely not the time for retail traders to FOMO and chase longs based on the hourly chart. Even though it’s somewhat weak, after it hits support it bounces a bit—but not much. This is market makers (zhuang) pressuring retail traders into handing over their chips. From this position, don’t keep chasing longs or shorts—if you’re not careful, your principal can easily get wiped out.
Personal trading suggestion: prefer light positions and go long on dips, with proper hedging on hand. Don’t “hold on” when the market turns!!
$BTC : Pull back to 77,000 for a long entry; look for a rebound to 78,500
$ETH : Buy on dips at 2265-2300; short-term target 2350
#加密市场行情震荡 #跟单金牌星探