Sunday Market Trend Analysis!

This weekend's crypto market hasn't been boring; Bitcoin finally didn't move in a straight line. With fluctuations, there are trading opportunities. However, it hasn't expanded its decline further, indicating that the market is still waiting for news related to Trump to materialize and is currently in a wait-and-see mode.

From the Bitcoin hourly chart, the previous triangle consolidation pattern has been broken downward. Now, the lower edge of this triangle has become a short-term resistance. To halt the current downward trend, the key is to regain the inside of the triangle; if it can strongly break through 68,958, the rebound will truly start, and there will be a chance to push towards 70,000 or even higher. Conversely, if it cannot recover above 67,222, it will test the support at 65,677. If this level cannot hold, the previous bullish trend will be completely over, and it will most likely retest around 62,400.

$BTC In terms of operations, if Bitcoin breaks through 67,424 with volume, consider going long on the rebound; if it falls below 66,822 with volume and cannot recover on the rebound, decisively go short. Make sure to set a stop loss. If the hourly chart stabilizes above 67,424, look for resistance at 68,234 to 69,000; if it breaks below 66,790 on the 4-hour chart, target 66,005 to 65,107. Resistance levels are at 67,424, 68,234, and 69,000; support levels are at 66,700, 66,063, and 65,087.

Looking at Ethereum, the situation is more complicated. The previous bearish flag pattern has been broken downward, and attempts to re-enter the flag have failed. Currently, it is testing support at 1,927. If this level is lost, 1,860 will come quickly; only if it re-establishes above 1,985 and returns inside the flag can a rebound be expected.

$ETH For operations: if volume breaks through 1,972, go long on the right side; set a stop loss if it falls back. If volume drops below 1,935 and cannot recover, go short on the right side. Confirm support at 1,876 with a light position to go long; if it falls below 1,836, stop loss immediately. If the hourly chart stabilizes above 1,972, target 2,011 to 2,041; if it breaks through 2,041, consider going short with a small position, with a stop loss at 2,076. You can also place a left-side limit order at 1,811 to go long; if it falls below 1,780, stop loss. Resistance levels are at 1,972, 2,011, and 2,041; support levels are at 1,932, 1,906, and 1,873. If the 4-hour chart breaks below 1,941, it could go down to 1,909 to 1,863.