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Sunday early morning Bitcoin and Ethereum market analysis and intraday summary
The weekend crypto market trading is light, and the market is stuck in a consolidation phase, with bulls and bears continuously testing market patience. Looking back at yesterday's trading session, Bitcoin dipped to a low of 89,380 before stabilizing and rebounding, with an intraday high reaching around 90,200; Ethereum's movement was synchronized, with a low of 3,074, and the rebound in the evening was blocked near 3,114, with overall volatility narrowing.
From a technical perspective, on the 4-hour chart, after recording a bearish candle, the price began a stepwise rebound, with bulls and bears temporarily balanced. The current price continues to operate near the upper band of the Bollinger Bands, which suggests that upward momentum has not yet exhausted, but selling pressure above remains, limiting upward space. On the hourly chart, the price shows alternating bullish and bearish oscillations, stabilizing within the mid-to-upper band area, with short-term bullish momentum slightly dominant. Based on multi-timeframe analysis, the overall market remains in a consolidation state, with no trend breakout yet, and short-term trading can focus on range-bound high and low buying and selling.
Bitcoin's short-term support is around 89,300-89,000, resistance at 90,500-91,000; Ethereum support at 3,070-3,050, resistance at 3,100-3,120.