Yesterday, the market exhibited a one-sided upward structure. The current 12-hour cycle is still in a bullish continuation phase, but it should be noted that the price is gradually approaching a key resistance area. Considering the characteristics of reduced liquidity over the weekend, today (Saturday) is more inclined towards entering a range fluctuation rhythm, and the probability of continuing to show a large-scale one-sided movement is relatively limited.
From a trading perspective, it is currently more suitable to look for high short opportunities near the previous high resistance area. If a significant breakout occurs, timely stop-loss measures should be taken to exit. However, it is important to emphasize that the previous high area is a typical concentration zone of sentiment, and even if a short-term surge occurs, it is more likely to experience a pullback for correction.
From a technical structure standpoint, this round of upward movement is more driven by sentiment, and the overall momentum is not solid. The daily level momentum is still running below the zero axis, indicating that the medium-term trend has not completely strengthened, and this upward movement has certain characteristics of a “pullback rebound.” Support mainly comes from the long lower shadow on the weekly chart of Bitcoin, reflecting that the buying power below still exists, but it is more defensive rather than actively aggressive.
In summary, the current market is in a game interval with pressure above and support below, and it is not advisable to chase the rise. More attention should be paid to the structural feedback at key positions, and participation should occur only after confirming signals.
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