1.3 Weekend Latest Thoughts on Bitcoin and Altcoins

Currently, the overall trading volume is relatively stable. As the weekend approaches, risk aversion sentiment in the market increases, and trading activity has decreased; the rebound in the market last night still keeps some retail investors hopeful for a bullish trend, and the bullish sentiment has not fully dissipated. Under the influence of multiple factors, a short-term pullback with weak momentum is normal fluctuation, and there is no need to overreact.

Our strategy of shorting at high levels remains unchanged. From a technical perspective, the resistance zone above is very strong, with multiple attempts to break through failing to succeed, indicating a bearish dominance and a downward trend. The key variable now is only the extent of the downward space and the pace of market momentum. Due to the slow pace of market movement during the weekend, mainly short-term oscillation, those holding short positions should maintain good defense and wait.

Bitcoin oscillation range: 90,800 - 89,500;
Altcoin oscillation range: 3,140 - 3,095. Watch for breakouts.

Personal opinion, for reference only, not investment or financial advice!